Company's Investment in Artificial Intelligence is Rapidly Transforming How Consumers Purchase Insurance
COCONUT CREEK, FL / ACCESSWIRE / December 12, 2017 / Nexus Enterprise Solutions, Inc. (OTC PINK: NXES) announced its integration of Bot Technology into its online insurance marketing and sales services providing its portfolio of major insurance carriers and extensive sales agent network with an opportunity to create more efficient, higher performing sales channels.
CEO James Bayardelle stated, "We're investing in this technology to create an opportunity for carriers and agencies to engage with customers further down the sales funnel, which helps reduce typical soft costs associated with engaging the consumers to issue a quote."
Bots utilize Artificial Intelligence to communicate with people, much the way a person would. Whether it be through normal calling, texting or any other platform, data on consumer-based Bot performance has been so compelling that companies such as Facebook (FB) (https://techcrunch.com/2016/04/07/facebook-chatbots/) and Apple (AAPL) have created a special APIs to allow for BOT technology, like the one being utilized by Nexus, through their Messenger and iMessage systems, respectively.
Nexus will be using the BOT software to engage customers looking for insurance and then transferring the consumer to a licensed agent (if the customer wishes to bind a policy) as well as a Software-as-a-Service (SaaS) Model, where larger carriers and agencies can utilize the software in the place of agents dialing out to consumers.
"With over 80% of consumers no longer wanting to initially speak with agents to get an insurance quote, our new Bot Messaging Software allows us to not only reduce carrier and agency costs but also meets the current demand of consumers looking to find the best insurance options, whether it be their Auto, Home or Health insurance," said CEO James Bayardelle. "When compared to the fintech revolution, the insurance industry has been a late adopter of BOT technology so it's exciting to see these same, transformative technologies now moving the insurance industry into the age of Artificial Intelligence."
NON SOLICITATION:
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. Any securities offered or issued in connection with the above-referenced merger and/or investment have not been registered, and will be offered pursuant to an exemption from registration.
DISCLAIMER:
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation: expectations, expects, anticipates, believes, hopes, beliefs, plans and objectives regarding the development, use and marketability of products as well as the attainment of certain corporate goals and milestones (i.e. SEC Periodic Filings, Filing of Proxies, etc.). Such forward-looking statements are based on present circumstances and on Nexus Enterprise Solutions predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to consummate successful acquisition and licensing transactions and other factors over which Nexus Enterprise Solutions has little or no control. Such forward-looking statements are made only as of the date of this release, and Nexus Enterprise Solutions assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by Nexus Enterprise Solutions with the Securities and Exchange Commission.
SOURCE: Nexus Enterprise Solutions, Inc.