An Unlikely Duo: AI and Life Insurance | PR Newswire [Video]

Bringing AI to Insurance and Democratizing Wealth-Building Strategies

, /PRNewswire/ — With a groundbreaking approach that fuses AI with a traditionally “low tech” life insurance industry, WealthSmyth has officially announced the arrival of its two-pronged approach to making advanced wealth-building strategies more accessible to the masses: WealthSmyth AI and WealthSmyth Agency.

Pairing an AI platform for independent brokerages (WealthSmyth AI)  with an affiliated but independent agency (WealthSmyth Agency) to work as early adopters of the technology, WealthSmyth is connecting innovative technology with real world scenarios to actually help everyday people.

Co-founder and Chief Product Officer Andrew Kass says, “Life insurance has been around since ancient Rome, yet none of the innovation helps clients make better decisions and leverage life insurance as the wealthy would. There has been modernization in internal areas like underwriting and claims, but we’re bringing AI to independent brokerages to help them better impact their clients.”

In fact, a June 2024survey of 200 US insurance executives conducted by the Deloitte …