Insurance Policy Suite
Search documents
SEC Filing Shows Truist Expanding Position in Genpact Limited (NYSE:G)
Yahoo Financeยท 2025-10-23 10:48
Core Insights - Genpact Limited (NYSE:G) is identified as an overlooked AI stock with recent investment activity indicating growing interest [1][4] - The company launched an Insurance Policy Suite powered by AI, aimed at significantly reducing processing cycle times [2][3] Investment Activity - Truist Financial Corp increased its stake in Genpact by 8.4% in Q2, acquiring 2,882 additional shares, bringing its total to 37,316 shares valued at approximately $1,642,000 [1] Product Development - The newly announced Insurance Policy Suite is designed to enhance underwriting processes, leveraging Microsoft Azure AI technology to automate tasks [3] - The suite aims to reduce processing cycle times by at least 75%, allowing underwriters to focus on faster quotes and better broker relationships [2][3] Company Overview - Genpact is a Bermuda-based provider of business process outsourcing and IT services, operating in three main segments: Financial Services, Consumer and Healthcare, and High Tech and Manufacturing [3]