Get latest articles and stories on Business at LatestLY.  New Delhi [India], November 25: Canara HSBC Life Insurance is redefining the future of underwriting process with the launch of OmniGen AI, a first-of-its-kind 'Generative AI-driven solution' on Bedrock of Amazon Web Services (AWS). Leveraging cutting-edge technology, this solution will be a co-pilot for Underwriters and consume various dimensions and attributes of bundled information like…

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Canara HSBC Life Insurance Launches OmniGen AI, an Industry First Generative AI Solution to Optimize Risk Evaluation in Underwriting

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The tool also reduces decision time from three days to less than an hour, in addition to minimizing infrastructure and development expenses

Ferramenta também reduz tempo de decisão de três dias para menos de uma hora, além de minimizar gastos com infraestrutura e desenvolvimento

Soluções de IA generativa reduzem custos de análise de crédito de fintechs em 96%

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Brazil

Generative AI solutions reduce fintech credit analysis costs by 96%

In the wake of ChatGPT, this technology has entered the world of finance. Always to increase efficiency, and often in the form of specialized search engines, but not only that, Artificial intelligence has been used for decades in finance, for example, for fraud detection or stock selection. We are talking about “traditional” AI here. But the arrival of ChatGPT, at the end of 2022, brought to the forefront a new development of this technology: ge…

Dans le sillage de ChatGPT, cette technologie a fait son entrée dans le monde de la finance. Toujours pour gagner en efficacité, et souvent sous forme de moteurs de recherche spécialisés, mais pas seulementL’intelligence artificielle est utilisée depuis des décennies en finance, par exemple pour la détection de fraudes ou la sélection de titres. On parle ici de l’IA «traditionnelle». Mais l’arrivée de ChatGPT, fin 2022, a porté sur le devant de …

L'IA générative, déjà une réalité dans les banques

Le Temps

Generative AI, already a reality in banks

Advanced algorithms ensure uniformity and precision in risk assessment, minimizing errors and ensuring faster policy issuance.  Generative AI co-pilot solution for Underwriters, significantly reduces underwriting processing time & provides scalable Underwriting capacity.  NEW DELHI, Nov. 25, 2024 /PRNewswire/ — Canara HSBC Life Insurance is redefining the future of underwriting process with the launch of OmniGen AI, a first-of-its-kind ‘Generati…

Canara HSBC Life Insurance Launches OmniGen AI, an Industry First Generative AI Solution to Optimize Risk Evaluation in Underwriting

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