1Fort, a leading VC-backed InsurTech, has announced the launch of its cutting-edge AI platform that enables brokers to instantly quote from leading specialty markets.
Renowned for its innovative solutions in the sector, the firm has introduced the platform to help independent brokers save time and place more commercial risks effectively.
The newly launched platform allows brokers to interact with policies and answer complex questions from clients using a proprietary GPT chatbot.
This AI integration saves brokers up to 8 hours per week, previously spent on manual quoting and coverage comparisons. The efficiency gained has resulted in brokers increasing their bind rates by 20% with higher-quality proposals.
The reason behind the launch of this new platform is to alleviate the manual burden on brokers, allowing them to focus more on client relationships and growing their business.
By automating the quoting, comparison, and recommendation processes, 1Fort’s platform significantly streamlines operations for brokers.
Additionally, 1Fort’s technology supports hundreds of leading insurance brokers, including major firms such as IMA, INSURICA, and High Street Insurance Partners. With admitted and surplus licenses in all 50 states, 1Fort provides market access to major insurers across all specialty lines, enhancing the value offered to brokers and their clients.
Anthony Marshi, Co-Founder and CEO of 1Fort, stated, “For too long, insurance brokers have been burdened with manually retrieving and analysing quotes, costing them hundreds of hours every year. Recent breakthroughs in AI have allowed our platform to give our broker partners all those hours back for what truly matters: strengthening client relationships and growing their book of business.”
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