How chatbots are driving insurtech

MATT HIGH | March 10, 2020

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The first chatbot, called ELIZA, was built in 1966 by MIT professor Joseph Weizenbaum. It used a pattern matching system to simulate a human conversation and gave a series of scripted responses designed to have it play the role of a therapist. Today, chatbot technology is a vital part of the way that companies across a myriad of sectors interact with their customers, with applications covering everything from content delivery to conversational ecommerce. By 2025, the global chatbot market is expected to reach $1.25bn.

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Arch Mortgage Insurance Company (Arch MI)

Arch MI leads the industry with innovation, bringing mortgage lenders unique solutions that leverage the latest technology and are backed by our financial strength and risk management expertise. Explore new, profitable opportunities when you partner with us. Take advantage of our advanced tools, products and services to stand out in the marketplace: - RateStar is the leading risk-based MI pricing solution, ensuring you receive our most competitive rates for your borrower’s loan.

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