Mumbai: Neysa, a leading 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 for Indian insurance companies. This platform aims to address challenges in AI adoption, reduce costs by 60–80%, and accelerate deployment of AI solutions within 3–4 weeks.
The Insurance AI Cloud is designed to help insurers build, optimize, and deploy artificial intelligence-powered digital solutions that enhance operational efficiency, risk management, and customer engagement.
Key Features of Insurance AI Cloud include:
AI and GenAI Models: Offers use cases like fraud detection, claims processing, customer service, and risk management.
AI Studio: Facilitates the creation of underwriting risk scoring, pricing optimization, policy renewal predictions, and sentiment analysis.
GenAI Studio: Enables advanced use cases with over 300 ready-to-deploy GenAI agents, such as claims support, AI sales agents, and automated legal document handling.
Industry-Specific Tools: Tailored architecture and templates designed for insurance operations.
Ease of Integration: Fully compatible with legacy systems, ensuring seamless deployment without disruptions.
Sharad Sanghi, Co-Founder and Chief Executive Officer (CEO) of Neysa emphasized the company’s commitment to democratizing AI adoption, making it accessible and efficient for businesses. He noted that the collaboration with DSW addresses challenges like regulatory complexities and legacy system integration, enabling insurers to scale AI sustainably.
Sandeep Khuperkar, Chief Executive Officer (CEO) of DSW, added that the partnership leverages DSW’s UnifyAI platform and Neysa’s Velocis cloud system to provide a hyper-personalized solution that empowers insurers to harness AI effectively.
This innovative platform is expected to redefine how Indian insurers approach digital transformation, fostering growth and customer-centric innovation.
