Avasant's report calls attention to Genpact's robust data, tech, and AI offerings and deep-rooted expertise across the entire insurance ecosystem
Leading global management consulting firm Avasant has positioned Genpact as a leader in its Insurance Business Process Transformation 2024 RadarView assessment.
Avasant evaluated 22 top-tier service providers offering insurance business process transformation services. Leaders are distinguished by their practice maturity, investments and innovation, and partner ecosystem.
This recognition underscores Genpact's commitment to driving innovation and excellence in the insurance industry.
Genpact is pioneering digital solutions for modern insurance needs
To thrive in a competitive landscape, insurance companies seek to boost operational efficiency, reduce costs, and use advanced technologies like generative artificial intelligence (gen AI), automation, analytics, and the internet of things (IoT) to streamline processes and enable data-driven decision-makin
Genpact provides end-to-end solutions based on AI and machine learning (ML) that enable insurers to develop new business models and enhance underwriting and claims management services.
Avasant highlights the following Genpact solutions in its analysis:
Underwriting manager: A digital platform that supports the end-to-end underwriting process
Extraction as a service (EaaS): A solution to extract data from various document types
Claims modernization: A solution streamlining the claims process by optimizing adjuster workloads
Intelligent claims segmentation and insights: A pattern detection solution that assesses claim complexity