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Jake Diner

๐Ÿ‘ค Speaker
125 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Yeah, absolutely.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Well, first of all, our company, Elefris, has solved the problem of engagement between the consumers and insurance companies.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

It started

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

From my personal experience, I got pulled over and a cop asked a very simple question, proof of insurance.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

And I happened to have a smartphone app, my insurance smartphone app on the phone, and that app started updating itself the first time I launched it.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So I'm sitting there in the car with the cop standing right next to me, flashing the light in my eyes, and we're both waiting for the app to update itself.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

It took about five minutes, poor connection, the app updated itself, then it asked for username and password.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

And I had no idea what it is because I've never used my insurance app before.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So that's what kind of pushed us.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Well, there's got to be a better way to engage with our insurance companies as consumers.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So that's how we started our company.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

And essentially, we merged into building virtual insurance agents.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So we are teaching AI to be capable of augmenting and perhaps in the future, replacing insurance agents.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

No, there's no app.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

It's the AI platform, SaaS platform, which insurers buy.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

And it sits between insurance systems, which is a policy administration or agency management system, and a channel that consumer is communicating with.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So if you got pulled over somewhere, you want to ask a quick question to your insurance company, you can just text.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

You send an SMS to your insurance company, and on the back end, instead of,

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Agent, you have AI answering.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Or if you want to check with Alexa the status of your claim, where the check has been approved, what else needs to be done, you just talk to your insurance company using your preferred channel communication.

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