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EXL’s Insurance LLM transforms claims and underwriting

CIO

As insurance companies embrace generative AI (genAI) to address longstanding operational inefficiencies, theyre discovering that general-purpose large language models (LLMs) often fall short in solving their unique challenges. Claims adjudication, for example, is an intensive manual process that bogs down insurers.

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What is an IT consultant? Roles, types, salaries, and how to become one

CIO

An IT consultant is a technology professional who advises and supports business clients in designing, developing, and executing technology projects in service of business goals. IT consultants are often hired to provide companies guidance on what technologies they should use to achieve their aims, according to career website Indeed.

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Accelerating insurance policy reviews with generative AI: Verisk’s Mozart companion

AWS Machine Learning - AI

Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry, empowering clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions about global risks.

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Ascend raises $5.5M to provide a BNPL option for commercial insurance

TechCrunch

million seed round to further its insurance payments platform that combines financing, collections and payables. They originally started Sheltr, which connected customers with trained maintenance professionals and was acquired by Hippo in 2019. Startup insurance provider Vouch raises $90M, now valued at $550M.

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Sesamm bags $37M to give corporates ESG insights using natural language processing

TechCrunch

investment giant Carlyle Group , French corporate and investment bank Natixis , Japanese multinational insurance holding company Tokio Marine , and U.K.-based Elsewhere, private equity firms can use Sesamm for due diligence on potential acquisition or investment targets. based asset management firm Unigestion.

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How to know a business process is ripe for agentic AI

CIO

A successful agentic AI strategy starts with a clear definition of what the AI agents are meant to achieve, says Prashant Kelker, chief strategy officer and a partner at global technology research and IT advisory firm ISG. Its essential to align the AIs objectives with the broader business goals. Agentic AI needs a mission. Feaver says.

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Little Otter raises $22M to scale its personalized pediatric mental health platform

TechCrunch

Helen Egger based on the idea that the children’s mental health crisis can only be addressed by treating the whole family through accessible and scalable precision technology. “We will be investing heavily in building our state-of-the-art tech and data platform,” Little Otter CEO Rebecca Egger told TechCrunch in an email.