In a groundbreaking collaboration, Neysa, an AI Acceleration Cloud System provider, and Data Science Wizards (DSW), a deep-tech AI platform company, have announced the launch of a fully managed Insurance AI Cloud Platform tailored for the Indian insurance industry. The platform is designed to help insurers confidently build, optimize, and deploy AI/ML-powered digital solutions, enhancing operational efficiency, risk management, and customer-centric innovation.
With India’s insurance penetration at a modest 4.2% of GDP in 2023, the need for digital transformation in the sector is critical. The platform aims to bridge this gap, offering cutting-edge AI/ML solutions to boost consumer trust, drive efficiency, and enable insurers to scale up with customized offerings.
Key Features of the Insurance AI Cloud
The platform integrates Neysa’s advanced cloud infrastructure and DSW’s UnifyAI platform, delivering a seamless, purpose-built solution. Highlights include:
- Integrated AI and GenAI Models: Equipped to address use cases like fraud detection, claims processing, customer sentiment analysis, and risk management.
- AI Studio: Simplifies underwriting risk scoring, pricing optimization, policy renewal predictions, and predictive analytics.
- GenAI Studio: Features 300+ ready-to-deploy GenAI Agents, enabling personalized policy recommendations, claims support, AI-driven sales, and regulatory automation.
- Optimized AI Models for Insurance: Includes tailored architectures, feature engineering templates, and pre-configured parameters aligned with regulatory compliance.
- Seamless Integration and Cost Efficiency: Offers on-demand GPU cloud infrastructure, API compatibility, and integration with legacy systems to ensure zero disruption.
- Rapid ROI and Local Support: Backed by Neysa and DSW’s specialized support to deliver swift implementation and measurable impact.
Sharad Sanghi, CEO and co-founder of Neysa, remarked, “Our mission is to simplify AI adoption for organizations at any stage of their journey. The partnership with DSW allows us to overcome challenges like regulatory complexities and legacy system integration, ensuring insurers can scale AI adoption sustainably.”
Sandeep Khuperkar, CEO and Founder of Data Science Wizards, highlighted, “UnifyAI is transforming enterprises in the AI-first era. Through this partnership with Neysa, we’re delivering a hyper-personalized, fully managed AI solution for insurers, accelerating their journey from AI concept to impactful reality.”
This partnership underscores a major step towards leveraging AI and GenAI to address industry challenges, drive innovation, and elevate the Indian insurance sector.
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