LULA’s AI becomes the first to pass insurance licensing exams

Provider of insurance software for vehicle fleet operators Lula Technologies announced that its Generative AI, GAIL, became the first AI to pass an Insurance Licensing Exam: doing so in Florida, Texas, New York, and California.

To pass the Exams—the Insurance Industry’s Equivalent of the Bar Exam—GAIL underwent ‘rigorous training’ utilizing LULA’s internal datasets, and state insurance codes with an emphasis on regulatory guidelines, legal frameworks, and workflows. At one point, GAIL’s insurance knowledge became so ‘significant’ that it began correcting the tutors hired to train it, and went on to pass each of the four exams with ‘flying colors. ‘

“Insurance has long been criticized for not adapting new technologies, and we always saw that as inaccurate. We’re ending that narrative today, and couldn’t be happier to be the ones leading the charge by bringing Generative AI to the world of Insurance”. – LULA CEO, Matthew Vega-Sanz.

According to the press release, GAIL will be launched in 2024 and will deliver voice and text powered AI tools, adept at selling insurance and serving customers with human-like quality. Franchisee groups for AllState, Farmers, and Travelers have signed on for early access.

“This achievement emphasizes the potential of AI in understanding complex regulatory landscapes and making informed decisions. It’s not about machines versus humans, but rather machines and humans working together for a brighter, more efficient future.” – Lee Hower, a Partner at NextView Ventures.