InsureMO Launches "AI Insurance Quoting System" to Improve Exit Rates with AI Agents Calling APIs

InsureMO Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Masaru Kawakami), a provider of insurance middle office platforms originating from Singapore, announced on March 30th the launch of its specialized "AI Insurance Quoting System" for the insurance industry.

This system allows prospective policyholders to input necessary information through interaction with an AI chatbot, receiving an insurance premium quote on the spot. Unlike traditional methods that require filling out numerous fields at once, this system offers a clear and smooth experience for customers by proceeding with the quote through natural conversation. For insurance companies, it is expected to not only improve operational efficiency through the automation of quoting tasks but also to reduce mid-quote drop-offs by easing the customer's input burden, thereby strengthening customer touchpoints.

The AI agent provided on InsureMO calls the premium calculation API to realize conversational quoting. Insurance companies that adopt this system can enable AI-powered quoting by configuring data such as existing product design information and rate tables. Furthermore, since the AI agent can be created with no-code, it offers flexibility in changing the agent's behavior and quoting conditions, supporting insurance companies in advancing their digital customer engagement.

For an image of customer interaction with the "AI Insurance Quoting System," please see our video.

InsureMO supports the transformation of insurance operations utilizing AI. We offer a variety of solutions, from providing development environments to utilizing data internally and externally, and customer engagement.

Reference (Announced March 10th): Launch of Industry's First "AI Insurance-Specific Vibe Coding" Development Environment https://prtimes.jp/main/html/rd/p/000000016.000078148.html ◆About InsureMO InsureMO is a technology provider for the insurance industry originating from Singapore. Founded in 2000, with the mission of "Making Insurance Simple," we provide services globally. Through modern technology, we address the challenges of the insurance industry, which faces bottlenecks in system flexibility. We have built a strong customer base of over 500 companies in approximately 40 countries and markets, including the Americas, Europe, and Asia. It has been adopted by over 30 domestic financial institutions.