TORONTO, July 24,
2024 /PRNewswire/ - MyChoice, a Toronto-based Insurtech company, has released
an insurance assistant that allows users in the US and Canada to receive real-time life insurance
quotes while interacting with an insurance AI assistant through
their website. Watch the company's demo video to see how the bot
works. This seamless insurance shopping experience is also
available through the GPT store in the US and Canada. 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.
The company's newly released assistant, integrated with
MyChoice's API, represents a significant leap in customer service
for insurance. This AI 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.
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 user 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 integrating our auto and home
insurance services.
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. Brokers interested in these
innovations are encouraged to reach out and connect with us.
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.
About MyChoice
MyChoice is a Toronto-based Insurtech company that equips
brokers and insurance companies with tools they need to excel in
operations and client acquisition. Their rate comparison site
MyChoice.ca, gives Canadians access to competitive auto, home, and
life insurance rates. MyChoice blends their industry knowledge with
cutting-edge technologies to build solutions that significantly
enhance brokerage and insurance company processes and
workflows.
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SOURCE My Choice Financial, Inc.