Dec. 4, 2024, Mumbai – Major AI Acceleration Cloud System provider Neysa and the deep-tech AI platform company Data Science Wizards (DSW) have launched the Insurance AI Cloud, a purpose-built and fully managed platform entirely for the Indian insurance marketplace.
This partnership is going to fast-track AI adoption amongst Indian insurers, allowing them to build, optimize and deploy next-generation digital solutions at great savings of up to 80%. The time required to get AI use cases from design to delivery is no more than 3 to 4 weeks.
The platform leverages Neysa’s advanced cloud infrastructure and DSW’s UnifyAI platform for:
Advanced AI Tools: Full On-Demand Deployment of AI/ML with fraud detection, claims payments, customer sentiment analysis, and more.
GenAI Capabilities: More than 300 plug-and-play GenAI agents, autonomously enabling operations like personalized policy recommendations and automated claims assistance.
Fit-for-the-Industry Optimizations: Customized tools and compliance-demanding architectures to address the specific requirements of the Indian insurance industry.
Seamless Integration: Preconfigured APIs and legacy system compliant, for zero disruption.
Insurance Penetration in India was just 4.2% of GDP in 2023. The vision of Insurance AI Cloud is to enable insurers to leverage scalable and risk-friendly AI solutions to encourage trust among customers and make the workflow more streamlined.
Sharad Sanghi, Co-Founder and CEO of Neysa, remarked, “Our mission at Neysa is to make AI accessible for every user and organization, no matter where they are in their AI adoption journey. We focus on simplifying the AI infrastructure and platform layers with Neysa Velocis, enabling businesses to harness AI with ease, efficiency, and cost-effectiveness. Our collaboration with DSW is a significant step towards this goal.”
Sandeep Khuperkar, CEO of DSW, added, “By integrating our DeepTech AI platform, UnifyAI, with Neysa’s Velocis AI Acceleration cloud system, we bring the Insurance AI Cloud—a fully managed, hyper-personalized solution for the insurance sector. Our goal is to empower insurers in harnessing AI and GenAI with speed, scale, and predictability, transforming their AI journey from concept to reality.”
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