Xceedance/Insurtech Insights/Blog Posts/Transforming Insurance Product Management with Gen AI

Transforming Insurance Product Management with Gen AI

At Xceedance, we are revolutionizing the insurance industry with our cutting-edge Gen AI solutions. Our Product Configuration Assistant simplifies the complex, time-consuming process of policy configuration for property and casualty insurance, enabling non-technical business users to generate policy configurations effortlessly through conversational prompts.

In traditional insurance organizations, product configuration for a policy administration system requires specially trained resources with deep business knowledge and technical skills. Our GenAI Assistant changes this paradigm. By leveraging Natural Language Processing, it engages in a dialogue with users, gathers necessary information, and generates high-quality configuration code. This process eliminates manual coding efforts, ensuring faster product visualization and optimizing workflow efficiency.

The GenAI Assistant not only reduces the burden on experienced developers but also enhances code quality and shortens product testing cycles by ensuring no knowledge gaps. As business users become citizen developers, they can directly contribute to the product development process, further streamlining operations and accelerating time-to-market.

Xceedance is committed to leading the charge in the digital transformation of the insurance sector. Our Center of Excellence for GenAI is dedicated to developing high-ROI GenAI use cases across the insurance value chain, empowering our customers to adapt and thrive in the evolving digital landscape.

Explore our Gen AI solutions and see the difference for yourself. Visit our demo as part of the Celent Gen AI showcase and discover how we can transform your insurance product management process.

Check out the demo

May 31, 2024