Artificial Labs, an insurtech startup, is testing a new AI solution called ChatGPT, which aims to eliminate messy data barriers for carriers and brokers. Founder David King explained that the solution enables underwriters to make faster and more accurate decisions when unearthing relevant risk information and examining qualitative data. The tool should be able to save 50% of time from submission to underwriting decision, which will generate huge efficiency savings down the value chain. Artificial Labs believes that being quick to adopt artificial intelligence and other innovative technologies will be vital for companies to remain competitive in the ever-changing insurance landscape.
Artificial Labs is an insurtech startup whose mission is to improve the offering of brokers and insurers through the use of advanced technologies such as artificial intelligence and machine learning. The company is always looking for new approaches to provide its clients with new solutions that meet innovative and unique demands.
David King is the founder of Artificial Labs and is an experienced entrepreneur, investor, and mentor specializing in insurtech. With his expertise in the industry, King has founded many successful companies, and he shares his knowledge with young entrepreneurs. King believes that Artificial Intelligence can be deployed to understand large, unstructured data sets and recognize the drivers behind profitability.
