MyChoice Releases First Publicly Available AI with Real-Time Life Insurance Quotes
We are excited to announce the launch of the MyChoice Life Insurance agent that offers users in the US and Canada real-time life insurance quotes. Integrated with MyChoice’s API, this AI agent represents a significant leap in customer service for insurance.
The bot is designed to address the need of customers seeking a more personalised insurance shopping experience outside of the broker serviced hours of 9-5. When a customer interacts with the bot, their information is automatically logged into MyChoice’s CRM, ensuring a seamless follow-up process by MyChoice’s broker partners. This insurance shopping experience is also available through the GPT store in the US and Canada. You can see the bot in action by watching our demo video below.
While this AI bot significantly enhances the efficiency of obtaining life insurance quotes, it is not intended to replace licensed professionals. It offers a faster, more convenient alternative to filling out forms where users can ask questions prior to connecting with a licensed professional. As language and text-to-speech models improve, we plan to launch voice-enabled versions of our assistant and further integrate our auto and home insurance services.
By blending industry knowledge with cutting-edge technologies, MyChoice develops solutions that significantly enhance brokerage and insurance company processes and workflows. In 2023, MyChoice was part of the Google for Startups Accelerator, enhancing the company’s AI capabilities with access to top talent and cutting-edge technologies. Applications for the 2024 Google for Startups Accelerator: Canada cohort are open now through the end of July. The 10-week hybrid equity-free program is best suited for Seed to Series A revenue-generating high-potential AI technology startups.
In our commitment to propelling insurance technology forward, we are excited to announce our upcoming tool, Policy Pilot. Policy Pilot aims to solve significant underwriting, policy-checking, back-book auditing, data and application generation challenges by automating these processes for brokers. Insurance brokers interested in these innovations are encouraged to reach out and connect with us.