Insurtech Federato launched agentic AI platform to overhaul insurance underwriting

Federato Unveils New AI Solutions for Underwriting

Insurtech company Federato has recently introduced its new agentic AI platform and Control Tower. This innovation aims to enhance how insurers manage underwriting and their overall portfolio strategies. The focus is on moving away from traditional legacy systems that can hinder efficiency and effectiveness.

What is Agentic AI?

Federato's agentic AI technology is designed to streamline various workflows in the insurance sector. By leveraging advanced data analytics and machine learning, it helps underwriters make more informed decisions quickly. The intent is to create a more dynamic and responsive underwriting process that can adapt to changing market conditions.

Control Tower Feature

The addition of the Control Tower feature complements the AI capabilities by offering a centralized platform for monitoring and managing portfolios. This tool is expected to provide insurers with clearer insights into their operations, helping them identify potential risks and opportunities more efficiently.

Who Will Benefit?

While the primary users of this technology will be insurance underwriters and portfolio managers, the improvements in efficiency and accuracy could also benefit policyholders. By modernizing these processes, insurers might be able to provide quicker responses and more tailored products to their clients.

Looking Ahead

This launch signals a growing trend in the insurance industry towards embracing technology to improve operational capabilities. Federato positions itself as a player that is not just keeping up with changes but actively shaping the future of insurance workflows.

Original Source: https://beinsure.com/news/insurtech-federato-launched-agentic-ai/