Core Insights - Verisk has launched XactAI, an AI-powered suite designed to enhance efficiency, consistency, and speed in claims handling within the insurance industry [1][2] Product Features - XactAI automates processes such as summarizing complex data and organizing documentation, supporting insurance professionals, adjusters, and contractors throughout the claims lifecycle [2] - Key features include Note Summarization, Automatic Photo Labeling, Transcription Summary, and AI-Driven Additional Living Expenses (ALE) Receipt Categorization [7] - All outputs from XactAI are subject to human oversight, allowing stakeholders to confirm, edit, or override AI-generated content [3] Infrastructure and Security - XactAI is built on secure, cloud-native infrastructure with enterprise-grade security protocols and industry-specific safeguards [4] - The product ensures compliance with privacy and security standards, supporting audit trails and documentation standards [4] Company Overview - Verisk is a leading data analytics and technology provider for the global insurance industry, focusing on improving operational efficiency and claims outcomes [6]