By partnering with cloud-based solutions, insurers of all sizes can scale their business faster and innovate quicker. This post discusses the benefits of cloud capabilities in conjunction with generative AI and why a partnership with Google Cloud Marketplace can accelerate productivity and growth.
Transitioning to the cloud is a straightforward and empowering process for insurance organizations. According to McKinsey, nearly 55 percent of insurers plan to move 50 – 100 percent of their operations to the public cloud within five years. This transition, which involves migrating data and applications to the cloud, can be done gradually to minimize disruption. The cloud’s capabilities empower insurers to scale their business effortlessly, provide a seamless omnichannel experience for customers, and swiftly introduce new solutions for operational proficiencies.
Insurers continue to recognize the significant financial benefits of moving their operations into the cloud and leveraging solution providers with cloud capabilities. Cloud-based platforms, like those offered by Google Cloud Marketplace, are secure, compliant with industry regulations, and cost-effective. They eliminate the need for upfront investments like enterprise-based solutions and can reduce infrastructure management investments, making them a wise financial choice for insurers.
NeuralMetrics is excited about the value that cloud capabilities bring to insurance organizations. The cloud enhances the efficiency of large insurers and empowers small and mid-size insurance organizations to scale their business and provide elevated customer support without increasing their overhead. To further simplify the process of insurance organizations accessing our solution, NeuralMetrics has partnered with Google Cloud Marketplace. This integration allows insurers of all sizes to seamlessly incorporate our AI-powered risk-quality data platform into their underwriting workflows. Our platform, for instance, can swiftly classify and evaluate commercial risks, price and quote policies with precision, and generate leads for their books of business. NeuralMetrics capabilities can significantly enhance underwriting processes and increase operational efficiencies.
The availability of NeuralMetrics capabilities on Google Cloud Marketplace also enables insurance organizations to deploy the new solutions we are developing quickly. Our autonomous AI agents represent the next phase of generative AI. The adaptive agents can assume distinct, role-based personas, such as risk-assessment agents or document/content classification agents, that excel at real-time learning, adapt and apply reasoning to their tasks, and can be recalibrated or self-calibrate for continuous optimal performance. AI agent capabilities can significantly enhance data-driven underwriting, increasing insurance organizations’ operational productivity, differentiation, and growth.
Solution providers with cloud capabilities can assist insurance organizations in being more agile and innovative in critical processes such as underwriting. Learn more about how NeuralMetrics works with Google Cloud Marketplace, enabling insurers to easily access AI-powered data and insights for commercial underwriting precision.