EXL teams with InsureMO to help insurers modernize data architecture and speed AI integration

Core Insights - EXL has formed a partnership with InsureMO to enhance the modernization of core systems for insurers, enabling faster product launches and reduced operational costs [1][2][3] - The collaboration combines EXL's insurance expertise and AI capabilities with InsureMO's cloud-native infrastructure, facilitating innovation and simplifying policy administration [2][4] Modernization and Innovation - The partnership aims to provide insurers with a low-risk, agile alternative for modernization, allowing them to innovate and scale operations without significant disruption [3][5] - Insurers can leverage modular components to quickly adapt to market changes and improve customer experiences [3][4] Operational Efficiency - InsureMO's middleware integrates with major global platforms, enhancing insurers' operational agility and reach [4] - A leading insurer has already benefited from the collaboration, launching a new product in four weeks and achieving a 30% reduction in operational costs through automated processes [5] Industry Context - The collaboration addresses the industry's challenges, including shifting risks and rising customer expectations, by promoting agile and intelligent operations [6] - Both companies share a vision for a more connected future in the insurance industry, driven by data and AI [7]