The insurance industry is anticipating a significant workforce shortage, with an expected deficit of 400,000 workers by 2026, while professionals dedicate excessive time to data entry and paperwork. Kay.ai addresses this problem with innovative AI co-workers specifically tailored for insurance brokers and agencies, automating workflows by effortlessly extracting information from emails or PDFs. This technology not only minimizes labor-intensive tasks but also achieves efficiency gains, with early adopters experiencing substantial time savings and reduced costs. Kay.ai recently raised $3M in seed funding to further its mission of transforming insurance operations.
Kay.ai's technology allows users to forward an email or upload a PDF, where the AI extracts key details, enters data across carrier portals, and generates quotes.
The insurance industry currently struggles with a projected workforce shortage of nearly 400,000 workers by 2026, compounded by professionals spending up to 80% of their time on tedious paperwork.
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