FurtherAI

The insurance industry faces a severe labor shortage while over 3 million current insurance professionals are stuck doing repetitive manual tasks.

At FurtherAI, we are building a workforce of AI Teammates to handle these repetitive manual tasks involving unstructured data processing and data entry across disjointed systems. Our first AI Teammate tirelessly handles quote and renewal workflows, allowing the human teams to focus on strategic work.

👇 Here is a heartfelt video from a customer highlighting their problems & opportunity

❌ PROBLEM

It’s widely reported that the insurance industry will lose over 400K people by 2026. On the other hand, over 3M insurance professionals spend most of their time manually generating proposals, checking policies, processing claims, or entering data into underwriting systems.

Most of these tasks have remained manual for two reasons:

• The insurance industry operates on a lot of unstructured data like policies, quotes & more
• The software systems in the insurance industry are not connected, requiring humans to manually fill in data and forms across these systems.

Previously, it was not possible to process the unstructured data with high accuracy, and it was difficult to configure all the validation rules. To make things worse, Robotic Process Automation was too brittle to maintain.

These manual workflows take the time of the skilled workforce away from the important tasks, reducing productivity and job satisfaction.

One such manual workflow is quote generation: a mid-sized (50-200 EEs) broker/MGA generates 1000s of quotes per month by extracting data from policy documents and then entering into portals. It takes about 30-45 mins per quote.

💡 SOLUTION

At FurtherAI, we are building a workforce of AI Teammates to automate insurance workflows. These AI Teammates can practically automate any insurance workflow involving processing unstructured documents, data entry into internal systems or web portals, or even making phone calls.

Here is a quick demo of the AI Teammate performing Quote Generation. It is a simple workflow:

1. Trigger - Send an email along with the client application attached

2. Clarification - Respond to the missing information asked by AI

3. Result - Get the generated quote along with the execution video

We are building these AI Teammates to mimic human-to-human interaction.

• Everything happens within the email client (Outlook/Gmail)
• We run fine-tuned GPT models for the insurance industry
• We are building agentic loops to make the automation reliable

Our initial customers are saving over $400K in annual costs across these workflows while making them 10X faster and less prone to human errors. We are starting with the workflows of quote generation and renewals as they directly impact the top line of our customers.

🤝 WHO ARE WE?

We’re Aman and Sashank.

Aman is a second-time founder with around 10 years of experience in workflow automation. Previously he built and scaled his company to over $1 million ARR and worked as a Product Manager at Microsoft.

Sashank is a former language modeling scientist at Apple, where he built and scaled language models for Siri. Previously he completed his Masters in AI from Georgia Tech and worked at Oracle.

We believe that, like energy, the cost of insurance affects the entire economy, and improving efficiencies here benefits everyone. Together, we’re excited to help insurance companies unlock unprecedented efficiencies with AI.

In the picture: Aman (CEO, Left), Sashank (CTO, Center), and Tom (YC Partner, Right)

💫 REQUEST

Thank you for taking the time to read through this ❤️

We are looking to connect with insurance brokers and MGAs to get feedback on our product and explore if they’d want to try our AI Teammates.