Oyster Unveils New AI-Powered Products for Business Insurance | PR Newswire [Video]

, /PRNewswire/ — Oyster, a leading insurance platform for commerce, has unveiled a suite of new digital products designed to modernize the P&C insurance experience for small and medium-sized businesses.

Building on its carrier-agnostic platform, Oyster introduces a comprehensive suite of software products to streamline the business insurance process—from quoting across online and offline P&C markets to interpreting policy details and managing certificates of insurance. Powered by advanced AI and large language models (LLMs), Oyster’s new tools aim to empower businesses to take more control over their insurance coverage and help them manage risk more effectively.

The announcement includes several significant product releases:

• Policy Explorer: An interactive feature allows customers to easily review policy summaries, coverages, and exclusions, supported by a custom-built policy model.
• COI Management: A feature that enables customers to automatically generate, manage, and share certificates of insurance with vendors.
• Self-Serve Flow: A digital process that lets businesses obtain quotes for multiple coverages, including General Liability, …