Insurance-selling robot to feature at m ASX listing

Rosie, a robot that fronts the online sales and retention offer of conversational commerce specialist Flamingo Customer Experience Inc., is the subject of a $3 million capital raising ahead of its $23.8 million ASX listing in October, it has been reported.The $3 million raising, led by Otsana Capital, will be used to merge Flamingo with ASX-listed software company Cre8Tek Ltd. as well as to further develop Rosie’s machine learning capabilities, The Australian Financial Review reported.Catriona Wallace, Flamingo CEO and founder, said she is hoping to build on Flamingo’s American client Nationwide Insurance to “own” the niche of turning seekers of insurance quotes into paid-up policyholders without the direct involvement of humans, the report said.”The average quote-to-sales conversion in the American insurance industry is between 15 and 20 per cent for…

Link to Full Article: Insurance-selling robot to feature at m ASX listing

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