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 ai-based underwriting system


Kyobo Life Insurance rolls out AI-based underwriting system - The Digital Insurer

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In Korea, Kyobo Life has announced the launch of its new AI-based underwriting platform called Best Analysis and Rapid Outcome (BARO). The platform employs machine learning technology with the ability to process large amounts of natural language data. Kyobo life's AI-based underwriting platform employs machine learning technology and has the ability to process large amounts of natural language data The platform provides real-time services to sales staff and customers. The platform leverages Kyobo Life's underwriting manual to facilitate online deliveries by enabling instant communication with its sales staff. BARO's intelligence allows for easy approval or denial of insurance contracts with the help of screening criteria for pre-existing conditions and medical history.