Pyq

Pyq: AI-Powered Automation for Insurance Agencies

What is Pyq? Pyq is an innovative AI solution designed specifically for insurance agencies. It automates key operational tasks such as quoting, policy comparison, and commission extraction, enabling agencies to save time, reduce costs, and scale efficiently.

How Does Pyq Work?

Pyq utilizes advanced AI algorithms to streamline various agency processes:

• Quoting: Generates quotes from carrier portals in minutes, eliminating manual data entry.
• Policy Comparison: Extracts and compares details from quotes and policies, facilitating proposal generation and AMS population.
• Commission Extraction: Extracts commissions and policy details from direct bill commission statements and exports them to your AMS.

Key Features and Benefits

• Time Savings: Automates up to 90% of quoting, policy comparison, and commission-related tasks.
• Increased Efficiency: Enables agencies to grow without adding headcount.
• Customization: Modules are customizable to fit specific agency requirements.
• Integration: Integrates seamlessly with existing AMS, ERP, and CRM systems via APIs.
• Security: SOC2 Type II and HIPAA compliant, with on-premise deployment options available.

Use Cases

Pyq's AI automation is beneficial for various roles within an insurance agency:

• Producers: Generate quotes quickly and efficiently.
• Producers and Account Managers (AMs): Compare policy details and generate proposals.
• Billing Teams: Extract commissions and policy details from statements.

Who is Pyq for?

Pyq is designed for insurance agencies of all sizes, particularly those seeking to:

• Reduce administrative overhead
• Increase efficiency
• Improve profitability
• Enhance employee satisfaction

What problems does Pyq solve?

• Manually filling out carrier portals: Pyq automates data entry, eliminating paperwork.
  • Comparing insurance policies, Pyq extracts and compares details automatically.
  • Calculating commissions: Pyq automates direct bill commission statement processing and exports the data to your AMS.

What are the key benefits of implementing Pyq?

• Significant ROI: Realize up to 400% ROI within weeks.
• Improved Accuracy: Minimizes errors associated with manual data entry.
• Enhanced Compliance: Ensures data security and compliance with industry standards.
• Employee Empowerment: Frees up staff to focus on higher-value tasks, like selling.

Customer Testimonials for Pyq

• "Pyq automated 90% of our quoting." - Owner of a top P&C agency
• "This has been a game changer for us - it automates the work that no one should do." - CIO of a large trucking and commercial lines agency
• "This will fundamentally change our agency and others" - Producer at a top 20 P&C brokerage

Pyq vs. ChatGPT: What's the Difference?

While ChatGPT is a general-purpose language model, Pyq is built specifically for the insurance industry. Pyq's AI is trained on insurance-specific language, document formats, and online raters, making it 5x more accurate for insurance-related tasks.

How to Get Started with Pyq

1. Choose Modules: Select the modules that best suit your needs.
2. Onboard and Customize: Customize the modules to match your specific requirements.
3. Integrate with AMS: Connect Pyq with your existing systems.

Pyq offers flexible deployment options, including on-premise and VPC-based deployments, ensuring data security and compliance.

Contact Pyq to book a demo, and start making the most of AI for your insurance agency.