Damco Solutions, omni:us | December 07, 2020
Damco Solutions Inc., leading innovation solutions and digital services company, has announced the partnership with omni:us, an Artificial Intelligence as a Service (AIaaS) provider to fast-track insurers adoption of data-driven cognitive claims management.
Backed with more than two decades of IT experience, profound insurance domain information, and industry-demonstrated ability in arising advancements, Damco Solutions would leverage omni:us remarkable capabilities to help insurance businesses accelerate their pace of digital transformation. This partnership would uphold insurers to rapidly convey AI into their claim's lifecycle streamlining the interactions among insurers and safeguarded parties.
The combination of Damco's Insurance industry experience, innovation capability with omni:us ability in AI would give exceptionally differentiated digitization services assisting insurers with reevaluating the claims venture with high impact automation.
Below is a snapshot of omni:us capabilities:
Digital FNOL: Real-time claims management that converts information into actionable claims data by minimizing touchpoints with intelligent claim automation
Claims Indexation: AI cognitive process that streamlines document extraction and classification to read, interpret, and understand data by eliminating the manual workflow
Completeness Check: AI-powered claims handling process with AI-powered decisions and recommendations, providing insights for regulatory compliance and reducing manual claims touchpoints
Coverage Check: Intelligent claims automation improving productivity in the claims process by eliminating time-intensive tasks, identifying noncovered claims, detecting fraud, claims leakage, etc.
"We look forward to collaborating with omni:us to help insurance companies with AI-based cognitive claims management solution and digital technologies to simplify claims lifecycle," said Mohit Gupta, Founder & Chief Executive Officer, Damco Solutions Inc. "Together, we would be able to help a broader range of insurers industrialize innovation in claims management. With the addition of omni:us, we see tremendous opportunity to enlarge our approach and help more businesses supercharge their future-readiness."
"omni:us and Damco share a common aspiration: to drive insurance businesses towards a more efficient and customer-oriented experience", said Sofie Quidenus-Wahlforss, Founder & Chief Executive Officer, omni:us. "We at omni:us are excited to team up with such a veteran player in the field as Damco. Both sides will benefit from the other's strengths and specializations and be further empowered to realize our ultimate goal of bringing about wide digital transformation to the insurance sector."
Damco Solutions is the trusted technology partner of businesses worldwide enabling them to leverage IT as a strategic asset. Empowered by technology expertise, immaculate execution capabilities, and unwavering focus on the customer needs; Damco has nurtured businesses to connect with their customers, clients and employees in an entirely new way. Damco and omni:us partnership aim to deliver data-driven AI-based solutions for streamlining the claims ecosystem, driving efficiency, collaboration, and bringing the digital future to global insurance businesses.
omni:us is an Artificial Intelligence as a Service (AIaaS) provider for cognitive claims management. Built on a fully data-driven approach, omni:us transforms the way insurers interact with their insured parties. It provides all the necessary tools and information to make fast, transparent and empathetic claims decisions, whilst improving operational efficiency and reducing loss adjustment expenses.
JourneyGuide, Great American Life Insurance Company | April 12, 2021
JourneyGuide announces a strategic partnership with Great American Life Insurance Company® to directly model some annuity products in JourneyGuide's retirement planning software.
JourneyGuide, Inc., an innovative retirement income planning software provider for financial advisors, confirmed that it has started modeling the following options directly in its software from Great American Life Insurance Company®, a leading annuity provider:
• American Legend® 7
• Index Frontier® 5
• Index Protector 5 MVA℠
• Index Protector℠ 7
• Index Summit 6® (coming soon)
The partnership between JourneyGuide and Great American Life allows for greater accuracy in the modeling of its income annuities. Besides, JourneyGuide will now model Great American Life's accumulation annuities, like the Index Frontier 5, the company's flagship registered index-linked annuity. These enhancements enhance the annuity options available to all JourneyGuide advisors.
“JourneyGuide is delighted to be partnering with Great American Life, a highly rated and innovative carrier with decades of experience,” said Gary Moorman, JourneyGuide's Head of Business Development & Sales. “We aim to provide our advisors with solutions that support their clients' retirement plans, and we are confident that Great American Life annuities will help us achieve that goal.”
“We are pleased to offer our growth and protection solutions within this dynamic platform,” said Joe Maringer, Senior Vice President and National Sales Manager of Great American Life. “It is extremely valuable for financial advisors and their clients to be able to see the benefits that insurance will bring to a portfolio. We are pleased to collaborate with JourneyGuide to provide thousands of advisors with access to our annuity solutions, which will further simplify retirement and income planning needs.”
About JourneyGuide, Inc.
JourneyGuide assists advisors in enhancing retirement outcomes for millions of people who, rightly, are concerned about outliving their retirement assets. The software, which was developed with annuity sales in mind, provides an interactive retirement planning experience for advisors and clients to complete together. JourneyGuide enhances advisor efficiency and client awareness and control of their retirement plan, resulting in peace of mind.
About Great American Life Insurance Company
Great American Life Insurance Company®, a member of Great American Insurance Group (GAIG), assists in the simplification of the path to financial stability by offering traditional fixed, fixed-indexed, and registered index-linked annuities in the retail, broker-dealer, financial institution, and registered investment advisor markets. GAIG's members are American Financial Group, Inc. subsidiaries (AFG). The symbol AFG is used to identify and sell AFG common stock on the New York Stock Exchange.
Zywave | January 05, 2022
Leading insurtech provider, Zywave, has been named as one of two large established vendors in the end-to-end solution functionality segment for digital insurance agency platform providers, according to Forrester's "Now Tech: Digital Insurance Agency Platforms, Q4 2021" report.
The report overviewed 13 digital insurance agency platform providers based on market presence and functionality. Zywave is categorized as one of two large established vendors within the digital insurance agency platform space that were classified in the end-to-end solution functionality segment.
"We are pleased to be named in this Forrester report, Over the past few years, Zywave has made significant investments in research and development, as well as in the acquisitions of new technologies. Today, we are proud of this recognition in the end-to-end provider functionality segment."
-Eric Rentsch, Zywave senior vice president of product management.
The Forrester report is a vital industry resource offering precise insights on the technology services that agencies can use to operate more efficiently. The report helps to assess the value digital insurance agency platforms can provide and further breaks them down by size and functionally, enabling businesses to make more informed decisions.
A key benefit of Zywave's platform is the ability to scale to the needs of their customers, no matter their size and across personal lines, commercial lines and employee benefits. As an end-to-end solution, Zywave enables agencies and carriers to simplify digital transformation as a platform that offers marketing automation applications, integrated digital client experience software, employee mobile apps, insurance knowledge base toolkits, and distribution and compliance management offerings.
Zywave leads the insurtech industry, fueling business growth for its partners with cloud-based sales management, client delivery, content and analytics solutions. Zywave's all-in-one platform provides customizable, user-friendly options that enable insurance professionals to build a unique solution to fit their specific growth goals—their own Modern RevOps Machine. More than 15,000 carriers, agencies and brokerages worldwide—including all of the top 100 U.S. insurance brokerages—use Zywave solutions to enhance client services, achieve business growth and promote greater health, wellness, risk management and safety.