Why use Limit AI instead of ChatGPT?
ChatGPT is very impressive – in fact, Limit AI uses some of the same language models. But ChatGPT isn't built with brokers' needs in mind.
Designed for Brokers' WorkflowsAs an insurance brokerage, Limit builds our AI with brokers front-of-mind. Limit AI automates common brokerage tasks with the click of a button:
Preparing proposal documents you can send to clients
Producing side-by-side comparisons in both email-friendly and Excel formats
Running through binder and policy checklists
Trained in InsuranceLimit AI has been trained specifically to read and understand insurance documents and given up-to-date, manually curated resources on the carrier and regulatory environment. If you ask ChatGPT a question about an insurance policy, you will almost always get a plausible answer, but you might not get a correct one:
ChatGPT is a little pedantic about the term “hammer clause”, but it correctly quotes from the defense and settlements of claims section which states there is a 50% hammer. As a broker I'd be tempted to take this at face value. But Limit AI knows how to dig deeper on questions like this:
By combining the same strong general AI that powers ChatGPT with Limit's proprietary models for extracting relevant information from insurance documents, Limit AI is able to find not only the underlying hammer clause but the endorsement that modifies it, and synthesize the two to correctly answer the question.
Focused on AccuracyLimit understands that none of the features of Limit AI are useful unless they can be trusted. We rigorously evaluate the accuracy of our system with a comprehensive evaluation suite, and we do not release new features until they meet our accuracy standards.Some of the ways Limit is able to exceed ChatGPT in accuracy include:
An in-house system for processing insurance documents extensively developed to handle their unique structure and quirks
Extensively testing each comparison and proposal template we release against a variety of real-world insurance documents
Using multiple approaches and multiple frontier LLMs for data extraction, and only returning results when they agree
Limit is bringing artificial intelligence to the insurance industry. We are on a mission to empower insurance professionals with our cutting-edge AI assistant.
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