In this episode of The Power Producers Podcast, David Carothers and co-host Kyle Houck interview Trace Meek, Founder of Fetch. Trace explains how Fetch helps insurance agents find policy-specific carriers and discusses the launch of a new product called Ask Fetch, which utilizes machine learning to teach AI about insurance underwriting.

Episode Highlights:

Trace explains how Fetch, an underwriting management system, has the capacity to condense 50-60 policy types into a mere 5-6 within a minute's span. (3:50)


Trace mentions how Insurance Daily News is a funnel for more than 100,000 insurance articles and 3,500 podcasts, delivering emails focused on the top 10 articles. (12:41)


Trace shares about "Ask Fetch", a product they developed that leverages AI to provide answers to insurance professionals' queries, based on underwriting guidelines and carrier data. (22:29)


Trace explains a Fetch feature that empowers users to instruct the AI to transform insurance documents into Excel files for more efficient organization and analysis. (29:46)


Trace discusses the beta introduction of Ask Fetch, which lets insurance agents upload documents and ask questions to obtain specific policy details. (35:53)


Trace shares his insight into the impact automation may have on the job market, including the insurance industry. (43:45)



Tweetable Quotes:

“We built a system that we manage all that data for you…it can reduce anywhere from 50 to 60 policy types, down to just five or six and just 30 to 60 seconds, and really give you that drill down of what carriers would possibly write your risk. So that was it was the short long version.” - Trace Meek 

“We have built what's called Ask Fetch, and it's using open API's. You know, I didn't create it myself but we're creating our own machine learning on top of it. And what that is, is we're teaching the prompts like if you're an underwriter, if you're an insurance professional, if you're an HR, we're teaching, when you ask it questions that it knows how to respond to you based on that.” - Trace Meek 


Resources Mentioned:


Trace Meek LinkedIn

Fetch

Ask Fetch

Insurance Daily News


David Carothers

Kyle Houck

Florida Risk Partners

The Extra 2 Minutes