Hearsay also announces the appointment of insurance software veteran Eugene Lee as VP of Insurance Solutions.
The vendor reports significant enhancements including over 200 new features, 1500 new capabilities and a simple upgrade process to accelerate insurers’ transformation.
The funding round, led by Goldman Sachs Principal Strategic Investments will be used to fuel company growth and invest in self-service.
The partnership is calculated to accelerate the application of AI to insurance processes from the prevalent proof-of-concept approach to more industrialized and repeatable examples.
The insurer will deploy the big data and AI-based underwriting workstation to improve underwriting efficiency and boost profitability.
The expansion of the relationship builds on development of a private customer portal and new native mobile app that have resulted in significantly increased digital customer interaction.
The cyber risk experience and insights of Guidewire Cyence Risk Analytics will help inform parts of the governance analysis in the ESG Evaluation product.
The new version includes 100 new features and 700 new capabilities to accelerate insurers’ digital transformation efforts.
Designed to speed time to implement and realize ROI, the solution is designed to enable any organization to automate the extraction of structured data from corporate and legal documents.
The company will use the funding round, led by Tola Capital, to scale adoption of its insurance management platform, data-driven service offering, and proprietary insurance policies.