Kanverse joins Guidewire Insurtech Vanguards Program – “Highlights its Zero-Touch Insurance Documents Processing for Insurers.”

Rhea-AI Summary

Kanverse.ai has joined Guidewire’s Insurtech Vanguards Program, highlighting its innovative hyperautomation platform tailored for the Property and Casualty (P&C) insurance sector. This initiative by Guidewire (NYSE: GWRE) connects insurers with cutting-edge insurtech firms to enhance their technology access. Kanverse's offerings promise optimized workflows for insurance forms processing, boasting a 99.5% accuracy rate in automation. The partnership aims to streamline the submission process through advanced AI and hyperautomation, allowing insurers to efficiently manage ACORD and supplemental forms.

Positive

• Kanverse.ai's inclusion in Guidewire's Insurtech Vanguards Program enhances visibility among insurers.
• The Kanverse platform offers 99.5% accuracy in processing insurance forms, improving operational efficiency.
• Kanverse's automation capabilities eliminate manual interventions, adapting to changes in insurance forms seamlessly.

Negative

• None.

Guidewire’s Insurtech Vanguards program identifies and highlights innovative insurtechs in the Property and Casualty (P&C) insurance community.

SAN JOSE, Calif.--(BUSINESS WIRE)-- Kanverse.ai, a leading Hyperautomation platform, is pleased to announce that it has joined Guidewire’s Insurtech Vanguards Program. Through Insurtech Vanguards, Guidewire (NYSE: GWRE) identifies and highlights the hottest insurance technology innovation in the P&C industry. The Insurtech Vanguards program takes this effort to the next level by offering a direct channel - that connects insurers with insurance technology companies. This program ensures that insurers can have exponential business impact through quick and decisive access to disruptive, cutting-edge insurance technology.

“We are honored to showcase our product as an Insurtech Vanguard,” said Dr. Akhil Sahai, Kanverse.ai CPO and Founding member. “Carriers can turbocharge insurance forms processing workflows with Kanverse Hyperautomation. Insurers can seamlessly integrate Kanverse across their business environments and witness zero-touch processing of inbound ACORD and supplemental forms with 99.5% accuracy.”

“We are thrilled to welcome Kanverse.ai to our Insurtech Vanguard Program,” said Laura Drabik, chief evangelist, Guidewire. “We launched Insurtech Vanguards to help P&C insurers gain new visibility into insurtechs’ cutting-edge technology and we are excited to introduce Kanverse to our customers.”

Insurers can now reimagine the insurance submission process with Kanverse. They can process ACORD and other supplemental forms with the Kanverse Insurance Document Processing product powered by hyperautomation. It automates ACORD and supplemental forms' ingestion, classification, and data extraction, approvals and filing. Kanverse Package View groups insurance forms for the submission intake process using AI (Artificial Intelligence).

Furthermore, Kanverse AI can automatically adapt to changes witnessed in insurance forms without manual intervention or fine-tuning the system.

About Kanverse.ai

Kanverse.ai, a Hyperautomation company, offers a suite of AI-powered products. Key offerings include AP (Accounts Payable) Invoice Automation and Insurance Document Processing products. Kanverse supports various use cases across the enterprise to remove bottlenecks, streamline business processes, and minimize manual touchpoints across document processing heavy workflows. For more information, please visit www.kanverse.ai

View source version on businesswire.com: https://www.businesswire.com/news/home/20220912005817/en/

Akhil Sahai

Email: akhil.sahai@kanverse.ai

Source: Kanverse.ai

FAQ

What is Guidewire's Insurtech Vanguards Program?

Guidewire's Insurtech Vanguards Program identifies and showcases innovative insurance technology companies in the Property and Casualty (P&C) sector.

What benefits does Kanverse.ai provide in insurance document processing?

Kanverse.ai automates the ingestion, classification, and data extraction of insurance forms with a 99.5% accuracy, streamlining workflows.

How does Kanverse.ai adapt to changes in insurance forms?

Kanverse.ai's hyperautomation platform can automatically adjust to changes in insurance forms without manual intervention.

What is the stock symbol for Guidewire?

The stock symbol for Guidewire is GWRE.

When was Kanverse.ai announced as part of the Insurtech Vanguards Program?

The announcement regarding Kanverse.ai's addition to the Insurtech Vanguards Program was made on September 12, 2022.