REDWOOD CITY, Calif.–(BUSINESS WIRE)– COVU , the only all-in-one AI-enabled digital platform for insurance agencies, has released a new executive forecast on the industry shift toward using generative artificial intelligence (AI) tools to help insurance agencies streamline operations, customer service, and cross-selling opportunities. COVU is a pioneering insurtech startup that gives independent agencies comprehensive support and cutting-edge tools for managing the entire business and uncovering new revenue. COVU helps empower success in today’s dynamic market by giving agents access to the latest technologies in order to make efficient and well-informed decisions. COVU’s team of world-renowned insurance, finance, and technology innovators believe generative AI tools – like ChatGPT built by OpenAI – will play a significant factor in the digital transformation of the insurance industry in 2023. These new AI-powered tools have the potential to reduce customer service costs by up to 30% , which could save insurance agencies millions of dollars. “U.S. insurance agencies are falling drastically behind on the technology curve and it’s time to embrace the new digital era with innovative technologies that enhance business operations,” said Amir Kargar , co-founder and chief technical officer at COVU. “We are on the cusp of a groundbreaking development within […]
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Invest The Invisible Impact
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