Learn how Insurance Copilot leveraged Skypoint’s AI platform to aggregate information from nationwide ACA plans across 50 states.
IC partnered with Skypoint, a leading AI platform to curate and consolidate all the plan data, train the LLM and enable insurance agents to get instant answers on the right plans for their clients using the power of generative AI.
3 to 6 months is the typical education period to train an agent. With Insurance Copilot, onboarding could be as fast as a week or less.
In the traditional ACA enrollment process, a veteran agent familiar with the industry can complete an enrollment in about an hour for straightforward cases with few prescriptions or medical conditions. However, for more complex situations, the process can be time-consuming, ranging from 2 to 6 hours, or even requiring a follow-up the next day. This extended duration is often due to the need for thorough research across various carrier websites to find the best plan for the client. Independent insurance agents take pride in their unbiased approach, working solely in the client’s interest.
On the other hand, using an AI tool like IC can significantly streamline this process. IC provides immediate answers tailored to the client’s specific needs, allowing agents to complete enrollments much faster.
As for the average number of policies a new ACA agent enrolls in their first year, the range is typically around 30 to 50 applications. However, with the assistance IC, these figures could potentially rise to 100-200 enrollments per year.
IC helps reduce the steep learning curve that new agents often face, enabling them to quickly become proficient and increase their enrollment rates.
New ACA agents enroll around 30 to 50 applications in their first year. With IC, these figures could potentially rise to 100-200 enrollments per year.
