Insurtech startup revolutionizes broker industry with cutting-edge AI technology.

May 14, 2024
1 min read




Insurtech Startup Launches AI Solution for Brokers

TLDR:

Key Points:

  • Insurtech startup, Brokit, has launched an AI solution to address rekeying challenges faced by brokers.
  • The solution aims to automate data entry into insurers’ portals to enhance efficiency and accuracy.

Article Summary:

Brokit, an insurtech startup, has introduced a new AI solution to help brokers eliminate the time-consuming and tedious task of rekeying information into insurers’ portals. The solution aims to simplify the process by automatically filling in the necessary data with just one click, thereby increasing efficiency and accuracy for brokers.

The founder of Brokit, David Mark, noted that insurance brokers have been underserved by technology solutions, prompting the development of this innovative tool. The startup has received backing from the UK Government’s Innovate UK Smart grant, showcasing its potential in the industry.

Brokit is set to showcase its AI solution at the upcoming Biba conference, where it hopes to demonstrate the impact of technology on solving real-world problems in the insurance market. Anik Islam, managing director of Premier Insurance Services, commended Brokit for addressing the rekeying issue that affects broker efficiency.

The launch of this AI solution signifies a step towards streamlining processes and enhancing productivity for brokers, highlighting the importance of leveraging technology in the insurance industry for improved operations.


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