MyChoice Launches First Public AI for Instant Life Insurance Quotes

MyChoice, a Toronto-based Insurtech company, has released an insurance assistant that allows users in the US and Canada to receive real-time life insurance quotes while interacting with an insurance AI assistant through their website. Watch the company’s demo video to see how the bot works. This seamless insurance shopping experience is also available through the GPT store in the US and Canada. In 2023, MyChoice was part of the Google for Startups Accelerator, enhancing the company’s AI capabilities with access to top talent and cutting-edge technologies. The...

ACC Moving to Cloud on the FINEOS Platform

FINEOS Corporation, the global leader of group and individual core software for life, accident and health insurance, announced that the Accident Compensation Corporation (ACC) will upgrade its on-premise implementation of FINEOS Claims and Payments to the FINEOS Platform. This will strengthen and future proof ACC’s support for citizens of New Zealand impacted by personal injury. The Accident Compensation Corporation (ACC) is the crown entity set up under the Accident Compensation Act 2001, (the AC Act)...

Oka, The Carbon Insurance Company™ and Socotra Strategically Partner

Oka, The Carbon Insurance Company™ (Oka), and Socotra, the leading modern policy administration system, have unveiled a strategic partnership aimed at carbon markets and scaling climate solutions. The collaboration harnesses Oka’s agile team and advanced AI capabilities, alongside Socotra’s innovative technology, to de-risk carbon credits. Through the partnership, Oka has launched two first-of-their-kind insurance solutions, designed to meet urgent and unmet market demand, in the span of 12 months. Corresponding Adjustment Protect™, the world’s first insurance...

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