Tokio Marine Life Insurance Singapore (TMLS) has launched the industry's first self-learning chatbot for advisers.

The chatbot, named TOMI (short for Tokio Marine Insurance), is Singapore’s first chatbot to be offered by an insurer for advisers.

Available 24/7 through Facebook Messenger, it can answer FAQs and continuously expand its knowledge base by keeping track of questions it is unable to answer.

TMLS said unlike average chatbots that rely on keywords, TOMI is powered by deep learning for natural language processing (Deep NLP). According to TMLS, this allows it to answer questions quickly and accurately, regardless of how the user structures each question.

Apart from answering FAQs automatically, TOMI proactively engages advisers by sending push notifications of relevant industry articles and allows advisers to take short quizzes, with incentives for those who can answer all questions correctly.

TOMI was co-created with home-grown startup Pand.ai, an incubatee at SGInnovate.

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TM Wave app launch

In line with its digital strategy, TMLS also launched TM Wave, an in-house initiative that streamlines administrative processes for advisers. The app allows outstanding documents to be submitted as a photo via smart phones, minimising turnaround time significantly.

Cheong Wai Hon, chief information officer of TMLS, said: “With the launch of TOMI, we hope to provide instant answers to operational enquiries, which enables our frontline staff to focus on dealing with more complex queries,”

Cheong added: “While TOMI currently focuses on enhancing internal efficiency and adviser engagement, plans are underway to expand its functions to allow for customer-facing interaction.”

TMLS CEO James Tan said: “TOMI and the TM Wave app set the tone for our technological transformation as we innovate and advance our digital capabilities by implementing new sales tools, customer service portals and data analytics. With the benefits of digitisation, we look forward to engaging our customers better.”

Tokio Marine Life Insurance Singapore is part of Tokio Marine Holdings.

For all the latest insight, news and data on the global life and health insurance and reinsurance markets, visit www.lifeinsuranceinternational.com