Genpact Launches New Agentic Solution to Reinvent Insurance Buying
Genpact (NYSE: G) has launched the Genpact Insurance Policy Suite, a new AI-powered solution for commercial and specialty business insurance. The suite, powered by Microsoft Azure AI, aims to streamline underwriting processes and reduce cycle times by up to 75%.
The solution features four modules with specialized AI agents that handle data classification, extraction, and risk assessment. Key projected benefits include 90% touchless submission clearance, 75% reduction in manual cycle times, and up to 50% lower costs. Built on Microsoft's Azure AI stack, the suite focuses on enhancing underwriting efficiency and improving broker relationships.
Genpact (NYSE: G) ha lanciato la Genpact Insurance Policy Suite, una nuova soluzione basata sull'IA per l'assicurazione commerciale e per le attività specialistiche. La suite, alimentata da Microsoft Azure AI, mira a snellire i processi di sottoscrizione e a ridurre i tempi di ciclo fino al 75%.
La soluzione comprende quattro moduli con agenti IA specializzati che gestiscono la classificazione dei dati, l'estrazione e la valutazione del rischio. I principali vantaggi previsti includono 90% di clearance delle submission touchless, riduzione del 75% dei tempi di ciclo manuali e fino al 50% in meno di costi. Basata sulla piattaforma Azure AI di Microsoft, la suite si concentra sull'aumento dell'efficienza nell'underwriting e sul miglioramento delle relazioni con i broker.
Genpact (NYSE: G) ha lanzado la Genpact Insurance Policy Suite, una nueva solución impulsada por IA para seguros comerciales y de negocios especializados. La suite, alimentada por Microsoft Azure AI, busca optimizar los procesos de suscripción y reducir los tiempos de ciclo hasta en un 75%.
La solución cuenta con cuatro módulos con agentes de IA especializados que manejan la clasificación de datos, la extracción y la evaluación de riesgos. Los beneficios clave proyectados incluyen el 90% de tramitaciones sin intervención, una reducción del 75% en los tiempos de ciclo manual y hasta un 50% menos de costos. Construida sobre la pila de Azure AI de Microsoft, la suite se enfoca en aumentar la eficiencia en la suscripción y en mejorar las relaciones con los corredores.
Genpact (NYSE: G)가 상용 및 전문 비즈니스 보험용의 새로운 AI 기반 솔루션인 Genpact Insurance Policy Suite를 출시했습니다. 이 스위트는 Microsoft Azure AI로 구동되며 인수 프로세스를 간소화하고 사이클 타임을 최대 75%까지 단축하는 것을 목표로 합니다.
이 솔루션은 데이터 분류, 추출, 위험 평가를 처리하는 특화된 AI 에이전트를 갖춘 네 가지 모듈로 구성됩니다. 예상 주요 이점은 무개입 제출 처리 90%, 수동 사이클 타임 75% 감소, 비용 최대 50% 절감입니다. Microsoft의 Azure AI 스택을 기반으로 한 이 스위트는 인수의 효율성 향상과 중개인 관계 개선에 중점을 둡니다.
Genpact (NYSE: G) a lancé la Genpact Insurance Policy Suite, une nouvelle solution alimentée par l'IA pour l'assurance commerciale et les activités spécialisées. La suite, propulsée par Microsoft Azure AI, vise à rationaliser les processus de souscription et à réduire les délais de cycle jusqu'à 75%.
La solution comprend quatre modules avec des agents IA spécialisés qui gèrent la classification des données, l'extraction et l'évaluation des risques. Les avantages clés prévus incluent 90% de soumissions sans contact, une réduction de 75% des délais de cycle manuels et jusqu'à 50% de coûts en moins. Construite sur la pile Azure AI de Microsoft, la suite se concentre sur l'amélioration de l'efficacité de la souscription et des relations avec les courtiers.
Genpact (NYSE: G) hat die Genpact Insurance Policy Suite eingeführt, eine neue KI-basierte Lösung für kommerzielle und spezialisierte Versicherungen. Die Suite, betrieben von Microsoft Azure AI, zielt darauf ab, die Underwriting-Prozesse zu straffen und die Zykluszeiten um bis zu 75% zu reduzieren.
Die Lösung umfasst vier Module mit spezialisierten KI-Agenten, die Datenklassifizierung, Extraktion und Risikobewertung übernehmen. Zu den wichtigsten prognostizierten Vorteilen gehören 90% kontaktlose Einreichungsfreigabe, eine Reduktion manueller Zykluszeiten um 75% und bis zu 50% geringere Kosten. Aufbauend auf Microsofts Azure AI-Stack fokussiert sich die Suite darauf, die Underwriting-Effizienz zu verbessern und die Beziehungen zu Maklern zu stärken.
Genpact (NYSE: G) أطلقت Genpact Insurance Policy Suite، حلاً ذكياً قائماً على الذكاء الاصطناعي لتأمين الأعمال التجارية والأنشطة المتخصصة.Suite مدعومة من Microsoft Azure AI، وتهدف إلى تبسيط عمليات الاكتتاب وتقليل أوقات الدورة حتى 75%.
التّحلـيلة تتألف من أربعة موديولات ذات وكلاء ذكاء اصطناعي متخصصين يتعاملون مع تصنيف البيانات، الاستخراج، وتقييم المخاطر. تشمل الفوائد المتوقعة الرئيسية 75% انخفاض في أوقات الدورة اليدوية، إلزامية 90% من الإرسال بدون تواصل، وحتى خفض التكاليف حتى 50%. مبنية على Azure AI من مايكروسوفت، تركّز المجموعة على تعزيز كفاءة الاكتتاب وتحسين علاقات الوسطاء.
Genpact (NYSE: G) 已推出 Genpact Insurance Policy Suite，这是一个用于商业及专业保险的新型人工智能驱动解决方案。该套件由 Microsoft Azure AI 支持，旨在简化承保流程并将周期时间缩短多达 75%。
该解决方案包括四个模块，配备专门的 AI 代理，负责数据分类、提取和风险评估。预计的关键好处包括 90% 无触碰提交清理、手动周期时间减少 75%，以及成本最多降低 50%。基于微软的 Azure AI 堆栈，该套件专注于提升承保效率并改善经纪人关系。
- Projected 90% touchless submission clearance rate, significantly improving efficiency
- Expected 75% reduction in manual cycle times, accelerating operations
- Potential 50% cost reduction in working capital
- Partnership with Microsoft Azure AI enhances technological capabilities
- Company has 1,000+ domain-specific AI models for future development
- None.
Insights
Genpact's new AI-powered insurance suite could significantly improve operational efficiency for commercial insurers through automation and data intelligence.
Genpact's launch of the Insurance Policy Suite represents a significant advancement in the commercial insurance technology landscape. The solution leverages agentic AI technology to transform the traditionally labor-intensive underwriting process by automating administrative tasks and streamlining workflows.
The performance metrics are particularly noteworthy:
Built on Microsoft's Azure AI platform, the solution focuses on the pre-bind process - the critical gap between initial submission and policy binding that typically involves substantial manual work and documentation processing. By implementing AI agents that can classify, extract, and summarize data while detecting anomalies and ranking risks, Genpact is essentially creating an intelligent workflow system that enables more consistent and efficient underwriting decisions.
The focus on commercial and specialty insurance is strategic, as these segments involve complex, high-value policies where efficiency gains translate to significant competitive advantages and cost savings. For insurance carriers facing margin pressure and broker/client demands for faster turnaround, the promise of
What distinguishes this product from typical AI implementations is the emphasis on insurance-specific functionality and compliance features like observability, audit trails, and role-based controls - essential elements for adoption in the highly regulated insurance sector.
Genpact Insurance Policy Suite projected to reduce cycle time by up to
"We designed the Genpact Insurance Policy Suite with underwriters in mind so they can focus on delivering faster quotes, building better broker relationships, and increasing submission-to-bind ratios," said Jinsook Han, Chief Strategy, Corporate Development & Global Agentic AI Officer at Genpact. "We understand how complex insurance processes and documentation can be, so we designed our solution with observability, audit trails, and role-based controls built in, giving carriers and underwriters better transparency and insights."
Purpose-Built for Insurance
Built for commercial and specialty insurance, and powered by Microsoft Azure AI Foundry Models and Azure Analytics Services, the Genpact Insurance Policy Suite orchestrates and executes underwriting support tasks, closing the gap between initial submission and the bind process.
The suite consists of four modules, each with a network of specialized AI agents that classifies, extracts, and summarizes data to enhance touchless processing, detect anomalies, and rank risk to speed up decision-making and quote generation.
Genpact projects that organizations adopting the suite can expect:
- Higher underwriting capacity with up to
90% touchless submission clearance - Faster speed-to-market with up to
75% reduction from existing manual cycle times - Improved working capital with up to
50% lower costs.
"Genpact expands its industry footprint with the launch of the Genpact Insurance Policy Suite – another agentic AI product proof point that takes advantage of the robust capabilities of Microsoft's Azure AI stack," said Hemanth Sundararaj, Global Financial Services Industry Solution Sales Leader at Microsoft. "By using Azure AI Foundry Agent Service and Azure AI Content Understanding with Genpact's insurance expertise and in-depth knowledge of the pre-bind process, the Genpact Insurance Policy Suite will help carriers securely accelerate cycle times, improve business performance, and enhance the experience of all stakeholders."
Looking Ahead
Genpact continues to expand its pipeline of outcome-based agentic AI solutions.
"This is just the beginning," Han said. "We have more than 1,000 domain-specific AI models, an expanding ecosystem, and bold investments. Genpact is well positioned to be the partner of choice for enterprises ready to scale agentic AI."
For more on the Genpact Insurance Policy Suite, see www.genpact.com/insurance-policy-suite.
About Genpact
Genpact (NYSE: G) is an agentic and advanced technology solutions company. We leverage process intelligence and artificial intelligence to deliver measurable outcomes. With a strong partner ecosystem and decades of client trust, we provide innovative solutions that transform how businesses run. Powered by a team with an active learning mindset and client centricity at its core, we deliver lasting value for the world's leading enterprises.
Get to know us at genpact.com and on LinkedIn, YouTube, X, and Facebook.
MEDIA CONTACT:
Geraldine Lim
Genpact Media Relations
+1-951-318-3494
geraldine.lim@genpact.com
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SOURCE Genpact
FAQ
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