Sproutt, a life insurance company that serves agencies, agents, and their customers, announced the development of an AI engine that is currently available only to limited groups to boost its SmartLife platform.

The platform’s capabilities will be bolstered by generative AI technology with the aim of empowering agents and agencies with more predictive product fulfillment and client engagement capabilities based on large language models technology. The introduction of AI aims to change the way agents interact with clients.

Sproutt’s SmartLife platform is leveraging the power of generative AI to create personalized client communications based on multiple data sources and previous interactions with clients. By evaluating this data, the platform will generate relevant content that agents can utilize to enhance customer engagement and sales. Events such as a client’s policy anniversary, renewal date, birthday, and even local sports team news can be factored in to trigger precise communications.

The platform will also be boosted by AI driven product recommendations, employing multiple data sources to deliver tailored product solutions for each client. Predictive modeling capabilities will enable agents to anticipate future client needs.

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Coalition, an active Insurance provider designed to prevent digital risk, announced that it has integrated Form 990 into its broker platform to streamline the quoting process for not-for-profit organizations seeking executive risks insurance.

Form 990 is filed annually with the IRS by tax-exempt organizations to ensure compliance with tax law requirements. This form contains data that Coalition needs to provide not-for-profit organizations with accurate quotes for executive risks insurance coverage, according to a company press release.

This integration is the next step in Coalition’s not-for-profit offering and further enhances Coalition’s active risk assessment capabilities by providing data for underwriting. Coalition’s quoting experience for not-for-profit organizations allows brokers to bundle all of Coalition’s executive risks insurance products and generate a bindable quote.

Not-for-profit organizations can access coverage for all of Coalition’s executive risks insurance product lines, including directors and officers insurance, employment practices liability insurance, fiduciary liability insurance, and crime insurance via Coalition’s insurance carrier.

Sources: Sproutt, Coalition