Groundbreaking Proof of Concept Brings Cutting-Edge Technology and Unmatched Customer Experience to the Insurance Industry
WILMINGTON, Del., March 17, 2023 (Newswire.com)
Choco Inc., a global leader in fintech innovation, is proud to announce the launch of its groundbreaking autonomous insurance service in Israel. This pioneering Proof of Concept (POC) integrates Chat-GPT-4, the world’s leading AI language model, with smart insurance contracts to deliver the world’s first AI-driven insurance platform.
Smart insurance contracts, or smart policies, are JSON files containing indexed data and algorithms for each contract, such as price calculations and coverage terms. These smart policies enable Chat-GPT-4 to easily understand the insurance contract and provide expert service based on the legal text and comprehensive domain data. Smart contracts…