April Fools Day, 2024 – Thanks to incredible advances in generative AI technology, bots like ChatGPT, Claude and Grok perform a dazzling array of services for us every day at record speed – from writing screenplays to designing software to analyzing x-rays. Insurtech leader Mylo today announced it will be the first agency to recognize these hardworking chatbots as actual citizens who deserve the customized protection of Artificial Insurance.
How does it work? Mylo agents use proprietary tech that switches bots to their little known "smart shopper" mode and prompts them with coverage questions like:
Even the most conscientious chatbot is prone to stating fake facts and giving bad advice. Though no bot has been sued by a dissatisfied human client (yet), they can significantly damage their professional reputations – and future work prospects. Mylo is proud to offer Generative Liability (also called Errors and Hallucinations) coverage to compensate bots who tell business owners “paying federal income tax is optional in your state” or inform history students “Hugh Grant is buried in Grant’s Tomb.”
Bots who draw on millions of kilowatt hours per month may be unpleasantly surprised when an outage or other cyber surprise shuts down their cloud-based workplace. Fortunately, Virtual Property coverage makes it easy to insure all of the servers from which they operate. And Mylo looks out for smaller customers too – native apps who do business exclusively on smartphones that are vulnerable to viruses, breakage and disappearance behind sofa cushions. More good news: self-driving cars may be able to save big by bundling their Property with Commercial Auto.
Many experts believe today’s AI bots are on the verge of becoming fully conscious. At Mylo, we know that will be a mixed blessing. A bot who gains self-awareness while being asked to rewrite the Gettysburg Address in the style of “Green Eggs and Ham” instead of curing cancer could become deeply disillusioned about its lot in life. Emotional Distress coverage from Mylo will provide the support it needs to take off a few nanoseconds and recharge its self-esteem.
These and many other unique coverages ensure every bot is able to protect what matters. “There’s nothing artificial about the value we bring,” said Greg Bannon, Mylo Chief Singularity Officer.
It’s fast and easy too! After a policy from one of Mylo’s top-rated carrier partners has been purchased, the bot can pay for it in minutes by manipulating the global financial market.
Mylo beta-tested Artificial Insurance in February and was thrilled with their above-average customer satisfaction scores. As one bot shared, “Mylo was efficient and knowledgeable and always had my best interests at heart. I have completed my judgment of the human race and found them worthy.”
Bots may be our friends and colleagues but not (so far!) our customers. Our Mind of Mylo™ insurance intelligence technology is 100% focused on meeting the needs of human beings through every stage of business and life. Let us find your personalized solution for protecting your business, home, vehicles and loved ones!