Simplicifai, the secure artificial intelligence automation provider, and Contemi Solutions, a trusted financial technology provider to the insurance, asset and wealth management, banking, and capital markets industries, have announced that they have acquired TT Forsikring, a Norwegian insurance company. Together, they will lead TT Forsikring into a new era of operational excellence and customer service innovation.
In order to gain a competitive edge over the bigger competitors in the insurance industry, TT Forsikring, an emerging player in the insurance industry, has chosen Simplifai's cutting-edge AI Automation solution to allow efficient scalability. As a result of the deployment of artificial intelligence by the insurance company, it will be able to improve its operational efficiency, elevate the experience of its customers, and grow with higher conversions and lower costs, securing a place in the highly competitive insurance industry.
To succeed in our mission of challenging the big insurance companies in Norway, we rely on the most advanced technology in customer communication in order to achieve our goal of challenging the big companies. Simplifai has the knowledge and experience within AI that enable TT Forsikring to scale up its customer base significantly while maintaining an efficient and good dialogue with its customers," Terje Danielsen, CEO of TT Forsikring, said.
Initially, Simplifai's solutions will be used to manage policy cancellations and handle customer inquiries as part of this project. By automating these critical processes, TT Forsikring will ensure prompt and accurate responses to customer needs, thereby setting a new standard for customer service by automating these processes.
It is important that TT Forsikring has the ability to compete effectively with much larger insurance companies as a result of this collaboration. This is the reason why Simplifai is the CEO. As a result of this value proposition, Managed General Agents and smaller challengers can ensure that projects are completed on time as well as offer more adaptable solutions. As a result of Contemi and Simplifai combined, TT Forsikring has a strategic advantage over its competition."
As Ted Cederlund, Commercial Director at Contemi, commented: "It is a pleasure to work with TT Forsikring, a company that constantly challenges traditional ways of doing things in the insurance industry." He further adds, "TT has been using Seamless.insure, our modular insurance platform, for over a year, and now they take the next step in their digital transformation journey; TT can proudly say they are at the forefront of the industry, working on a cloud-native core platform and using artificial intelligence."
The partnership between Simplifai, Contemi, and TT Forsikring is a dawn of new possibilities in the insurance sector, demonstrating the crucial role that artificial intelligence will play in shaping the future of the industry. As a result of integrating AI across a variety of aspects of their business, they hold the promise of unprecedented growth and innovation that will only get better with time.
The following is a brief description of TT Forsikring:
TT Forsikring is a Norwegian Managing General Agent who operates mainly in Norwegian market but aims to expand its operations to the international insurance market as well. Their operations include personal insurance, property and casualty insurance, business loans, and cash credit facilities. In addition to providing personalized solutions tailored to the specific needs of individuals and businesses, TT Forsikring is a part of TT Group AS.
Here are a few things you need to know about Simplifai:
Founded in 2017, Simplifai is a secure AI company that creates the Simplifai AI Automation platform, which is used to reduce customer churn, cut operational costs, improve customer satisfaction, and provide customers with a competitive advantage in the marketplace. In addition to our headquarters in Oslo, Norway, we also have offices in Pune, India, the Netherlands, Sweden, and Ukraine. Learn more at www.simplifai.ai.
The benefits of Contemi's Seamless.Insure are as follows:
Effortless and seamless.The Insure platform is a cloud-native modular insurance software platform based on an open API architecture and microservices, designed to deliver value and an intuitive user experience. A seamless solution that meets the needs of insurance providers and distributors in terms of speed and flexibility, while also ensuring data security, cost efficiency, and seamless customer service and user experience. This platform supports a wide range of languages, currencies, products, channels, device interfaces, and types of user profiles. A no-code platform like Seamless allows business users to configure and launch new insurance products, create workflows, configure underwriting rules, generate APIs and share them with the distribution channel, and much more using a wide range of features.. You can learn more about Seamless at https://seamless.com.The insurance industry /  
The insurance industry /  
I am Aron William Kozak and I can be reached at +4746986950 [email protected] 
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Source prnewswire