DXC Technology, a global technology services provider, has launched Assure Broking Essentials, a new AI-powered, multi-tenant SaaS solution, designed to help small and mid-sized insurance brokers.
This new platform aims to address the challenges of a rapidly evolving insurance industry, where brokers face mounting pressure to digitize, meet rising customer expectations, and comply with regulations.
According to DXC Technology, Assure Broking Essentials simplifies operations and accelerates transformation. The ready-to-deploy, cost-efficient platform replaces outdated legacy processes with an AI-first operating model.
It also includes built-in security and compliance, for the SaaS solution to meet requirements of evolving regulatory frameworks, including ACORD GRLC standards, which allows for quick and seamless integration into existing workflows.
“As the insurance industry continues to evolve, brokers face challenges from legacy technology constraints, skills shortages, and outdated processes,” said Ray August, President, Insurance Software and BPS, DXC Technology. “With Assure Broking Essentials we are equipping small and mid-sized brokers with a secure, scalable, and AI-powered platform that boosts productivity, streamlines compliance, and elevates customer service.”
Alix Douglas, GVP, Partner Solutions, ServiceNow, stated: “As organizations shift from experimenting with AI to operationalizing it at scale, the value of trusted, scalable platform partnerships is more important than ever.
“DXC Assure Broking Essentials, built on the ServiceNow AI Platform, helps deliver an exceptional client experience that seamlessly integrates customizable AI capabilities that are cost efficient and secure, accelerating enterprise transformation as a whole. This partnership showcases what’s possible when deep domain expertise meets a purpose-built platform for AI innovation at scale.”
Assure Broking Essentials leverages responsible AI, human-in-the-loop automation, and intelligent data extraction to improve efficiency, reduce complexity, and enable seamless workflows.
The platform is the result of a collaboration that combined DXC’s insurance software with ServiceNow’s workflow automation and AWS’s secure cloud infrastructure.
The solution also leverages Velonetic’s industry expertise and mea platform’s advanced document intelligence, offering enterprise-grade innovation without the high cost, DXC highlighted.
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