Yakoota Paves the Way for a New Era of Insurance Contract Comparison with Safe AI, Designed for Brokers and Policyholders   

Yakoota launches a next-generation comparison tool offering a 360° view of the value for money of insurance contract. This innovation, based on generative AI, enables fact-based and ultrapersonalized advice. It complies, by design, with IDD [Insurance Distribution Directive] regulations and incorporates the ESG dimension into insurance advising. 

Yakoota’s algorithm can analyze over 10¹² potential combinations to find the best bespoke offer. It encompasses multiple criteria such as geographical area, property and casualty coverage, options and guarantees, and more. It also considers the multiple actuarial interactions between these factors. Within seconds, it ranks insurance contracts and suggests additional customization based on policyholder preferences (coverage quality, administrative service quality, ESG score, and digital performance). It automatically generates a regulatory report that meets IDD requirements and summarizes customer needs. This automatic and bespoke comparison of insurance contract value is a world first. It allows distributors to save valuable time and achieve unprecedented accuracy. 

Yakoota compares all offers and all components of an insurance contract’s quality: 

Yakoota’s team is particularly proud to explicitly introduce the ESG score in the evaluation of insurance contract quality. This reliable information will help promote sustainable insurance. 

Yakoota’s comparisons confirm that a holistic view of quality is essential for providing reliable advice. We make these comparisons available to all market players to significantly enhance value-for-money comparisons. 

Yakoota has developed a cloud-native solution for insurance advisors, accessible via Yakoota.fr or via brokers’ CRMs. The Yakoota softwaire is available per use or as an annual subscription, starting at €37 (excluding tax) per month.

Polichyholders who want to compare the full market scope, including those from bancassurers and mutual insurers, can do so for just €5 (including tax) per rated property.

Mohamed Baccouche, founder of Yakoota, states: “We decided to launch our solution when the algorithm began consistently outperforming our experts, instantly finding the best insurance. As impressed as we are, we still recommend taking the time to choose an insurance contract and doing so with an advisor using the Yakoota comparator, especially for non-standard needs. Our contention is that the future belongs to augmented intelligence: knowledgeable humans leveraging artificial intelligence!”

Yakoota is a pioneering InsurTech in generative AI applied to insurance. It was founded by Mohamed Baccouche in 2022 to extend access to smart comparison of insurance contracts beyond experts. Mohamed holds a Ph.D. in microeconomics of insurance and is a certified actuary with nearly 25 years of experience in insurance, including 5 years as Chief Actuary at AXA Group.

Yakoota thanks its clients who already trust its solution, as well as Microsoft for providing OpenAI’s generative AI models, BPI for its support, and the numerous professionals from all areas of the insurance industry for their suggestions and encouragement during the development of this solution. 

For more information, visit yakoota.fr or follow us on LinkedIn, Instagram, Facebook. 

Press inquiries: contact@yakoota.fr