Home Scandinavian Startup Simplifai Paves the Way to Tailor GPT Technology for Insurers

Scandinavian Startup Simplifai Paves the Way to Tailor GPT Technology for Insurers

by Ant Sh
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Scandinavian Startup Simplifai Paves the Way to Tailor GPT Technology for Insurers

Simplifai, an AI automation solutions provider, recently announced it launched Simplifai InsuranceGPT – a world-first custom-built GPT tool, fuelled by the company’s revolutionary no-code AI-powered platform.

While some insurance product providers have merely begun to integrate ChatGPT or Google Bard into their services, Simplifai’s InsuranceGPT large language model (LLM) is the first to be trained specifically on information directly relevant to the insurance sector.

The product presents numerous advantages, one of which is its compatibility with existing ecosystems. InsuranceGPT can seamlessly integrate with third-party services such as Salesforce and Hubspot, and other industry platforms for claims management. Security remains a key priority for Simplifai, and the company’s commitment to privacy, strict control of data, and adherence to GDPR are reflected in the private LLM. Furthermore, the no-code model of Simplifai facilitates effortless integration without the need for technical expertise, boosting efficiency and speed of use.

In addition to launching InsuranceGPT, Simplifai has also initiated the Simplifai Reference Program for advanced AI. This aims to establish a customer reference board with key players in the insurance sector, such as Van Ameyde, CCN, and Eika. The initiative ensures that product development aligns with customer requirements.

“The potential offered by generative AI is incredible, but a specially-built industry-specific GPT trained on insurance data is the only way to offset risks around security, data privacy and accuracy. InsuranceGPT grants us the ability to make our customers’ employees even more efficient and effective, not to mention more valuable, while maintaining our commitment to privacy and security,”

BÅRD MYRSTAD, Co-Founder & CEO, Simplifai