Berlin -based insuretch startup Mafintake To answer customers’ questions, policy details, conduct objections, and help to provide benefits arguments, insurance companies and brokers have collected $ 3.5 million forward for its AI-driven solutions.
The fund led by FF Venture Capital and Techsters was led by Angel investors participating in the insurance sector, former ERGO CEO Torsteten Oletzki, former Gother board member Oliver Bra, former insurance manager Stefan Libig, and Invilk Failor Filer.
In addition, the bank of the 800K fund comes from the IBB Pro Fit Fit Program in Berlin.
According to their website, “This equipment includes industrial specific skills is much higher than just a chatboat. Our AI is a pre -trained assistant designed for speed and skill. From the management of knowledge to the customer service, the ion quickly solves common problems, allowing you to reduce your team work stress, increase customer satisfaction and improve the transformation Rate “.
Established by Simon Moser, Thomas Gan, Felix Goeep and Eli Wolf in 2021, is developing a specialized large language model (LLM) created for the muffintech insurance industry. The aim of the AI equipment is to answer the customer’s question, to investigate policy details, to conduct objections and to facilitate operations by automation of complex and time -consuming tasks including supply of benefits.
According to the organization, as its AI function ”An employee who never sleeps, never stops learning and can do almost infinitely at the same timeThe “The platform integrates with the internal agency systems seamlessly, enable insurers and brokers to automatically automatically and improve productivity.
Their AI successfully passed the 34D exam to ensure pre -trained and high level performance of more than 30,000 insurance conversations.
According to a report in October 2021, the IHK examiners tested the muffintech equipment using the Quality Testing Certificate for Insurance Intermediary and Counselors (34D GWO). The software has earned a “very well” rating by answering 98% of the questions correctly. Mofintech says all the reactions were completely or almost completely correct, without any wrong answer.
In comparison, ChatzPT scored only 52%.
Muffintech already serves brokers, broker pools and insurance companies. With its recent funds, the startup is planned to scale its AI capabilities and expand its arrival in the market.
There is a significant potential in the offer of muffintech, because insurance industry is looking for AI-driven solutions to improve industrial skills and reduce operational costs. The emergence of AI applications across various fintech sectors, including accounting startups like Integral, indicates that the demand for AI-powered equipment suitable for niche industry is only increasing.
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