BARO is fully operational

South Korean life insurer Kyobo Life Insurance announced that its AI-based underwriting system called BARO – Best Analysis and Rapid Outcome – is live.

The system provides real-time services to the insurer’s sales consultants and customers and facilitates the online underwriting process through instant communication with sales consultants.

“BARO is designed not only to have the same rational thought process like human beings but also process word-specific inquiries. This helps sales consultants save time in reviewing insurance subscription requests.”