PriyaPatel
TLDR:
1Fort, a leading VC-backed InsurTech, has launched an AI platform to help independent brokers save time and place more commercial risks effectively. The AI integration saves brokers up to 8 hours per week, resulting in a 20% increase in bind rates with higher-quality proposals.
Key Elements:
- 1Fort launches AI platform to assist brokers in quoting from specialty markets
- New platform streamlines operations for brokers, automating quoting and comparison processes
- Significant efficiency gains for brokers, leading to improved client relationships and business growth
- 1Fort’s technology supports leading insurance brokers and provides market access to major insurers
- CEO Anthony Marshi emphasizes the importance of AI in giving brokers more time for client relationships
1Fort’s new AI-driven platform aims to revolutionize the insurance broking industry by streamlining operations, giving brokers more time to focus on building client relationships and growing their businesses. By automating manual processes, the platform has resulted in significant efficiency gains for brokers, leading to increased bind rates and higher-quality proposals. With support from leading insurance brokers and major insurers, 1Fort’s platform is set to enhance the value offered to brokers and their clients in the specialty insurance market.
