The AI-Driven Insurance Modernisation project is the result of a strategic collaboration between ITC Infotech and InsureMO. This AI-based insurance modernization partnership will help in changing the insurance ecosystem in various geographical regions. The AI-based insurance modernization project targets the Middle East, Africa, and India regions.
Furthermore, a partnership was established between ITC Infotech and InsureMO for accelerating the digital transformation of insurance companies. This partnership brings together the expertise of ITC Infotech and the platform capabilities of InsureMO.
Manas Chakraborty, CEO of ITC Infotech, said: “Insurers in high-growth markets need transformation at speed which can enable them to deliver results in months, not years. Our alliance with InsureMO provides a platform for our K-Fabric AI agents to operate natively across the insurance value chain, helping carriers deploy intelligent automation faster, with lower risk and cost than traditional modernisation programmes.”
Partnership Enables Scalable and Agile Insurance Innovation
Through this partnership, the insurers get access to flexible and scalable technologies. The insurers will be able to develop their products quickly and integrate them seamlessly into their systems. Moreover, this platform increases efficiency in policy management and claims processing. On the other hand, the InsureMO emphasized the role of technological transformation in the insurance market. Additionally, this partnership caters to the changing customer demands and regulatory requirements. This ensures that the insurers stay competitive in the ever-evolving environment. Consequently, the insurers get an edge in the form of quick time-to-market and flexibility. Overall, the AI-enabled insurance modernization project improves the digital capabilities of the region.
Rajat Sharma, Chief Revenue Officer at InsureMO, said: “ITC Infotech’s strength in the Middle East and India, combined with their K-Fabric AI framework, makes them an ideal partner to bring our platform to enterprises who want to modernise without disruption. Our APIs are designed so that any AI tool that can call an API can build on InsureMO. With ITC Infotech’s delivery capability and regional presence, we can now offer insurers a complete path from AI strategy to production deployment.”
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News Source: Businesswire.com
