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Genpact Launches New Agentic Solution to Reinvent Insurance Buying
Prnewswireยท 2025-09-25 12:00
Core Insights - Genpact has launched the Genpact Insurance Policy Suite aimed at commercial and specialty business insurance, designed to reduce cycle time by up to 75% and enhance operational efficiency through AI-powered workflows [1][8] - The suite is built with underwriters in mind, focusing on improving quote delivery speed, broker relationships, and submission-to-bind ratios [2] - The solution utilizes Microsoft Azure AI Foundry Models and Azure Analytics Services to streamline underwriting support tasks and improve transparency and insights for carriers and underwriters [3][4] Product Features - The Genpact Insurance Policy Suite consists of four modules that employ specialized AI agents to classify, extract, and summarize data, facilitating touchless processing and anomaly detection [4] - Organizations adopting the suite can expect up to 90% touchless submission clearance and up to 50% lower costs, leading to improved working capital [8] Strategic Positioning - Genpact is expanding its portfolio of outcome-based agentic AI solutions, with over 1,000 domain-specific AI models and a commitment to scaling agentic AI for enterprises [5] - The collaboration with Microsoft enhances Genpact's capabilities in the insurance sector, positioning the company as a key partner for businesses looking to leverage advanced technology solutions [4][5]