Kay

Kay.ai, founded in 2023 by machine learning engineers Vishal Rohra and Achyut Joshi, is a startup addressing operational inefficiencies within the insurance industry. The founders, with previous experience at companies like Microsoft, Twitter, Amazon, and Relyance AI, created Kay.ai to automate administrative tasks for insurance professionals.

The company has developed an AI-powered workforce designed to act as digital teammates for insurance brokers and agencies. These AI co-workers handle repetitive and time-consuming tasks such as manual data entry for submissions, renewals, and servicing. The platform is built to work with various data sources including spreadsheets, intake forms, and CRMs, aiming to streamline workflows and reduce the manual workload.

Kay.ai operates on a business model that provides these AI co-workers as a service to the insurance sector. The company targets insurance agencies and brokerages, offering a solution to the projected shortage of workers in the industry. In March 2024, the company announced a $3 million funding round to support its growth and the expansion of its AI-driven automation capabilities.

Keywords: insurance automation, AI workforce, data entry automation, insurtech, brokerage operations, policy management, underwriting support, claims processing, renewal automation, insurance technology