Damco Solutions Inc., leading technology solutions and digital services company, has announced the partnership with omni:us, an Artificial Intelligence as a Service (AIaaS) provider to fast-track insurers adoption of data-driven cognitive claims management.
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Backed with over two decades of IT experience, deep insurance domain knowledge, and industry-proven expertise in emerging technologies, Damco Solutions would be leveraging omni:us unique capabilities to help insurance businesses accelerate their pace of digital transformation. This partnership would support insurers to quickly deploy AI into their claim’s lifecycle streamlining the interactions between insurers and insured parties.
The combination of Damco’s Insurance industry experience, technology competence with omni:us expertise in AI would provide highly differentiated digitization services helping insurers reinvent the claims journey with high impact automation.
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Below is a snapshot of omni:us capabilities:
- Digital FNOL: Real-time claims management that converts information into actionable claims data by minimizing touchpoints with intelligent claim automation
- Claims Indexation: AI cognitive process that streamlines document extraction and classification to read, interpret, and understand data by eliminating the manual workflow
- Completeness Check: AI-powered claims handling process with AI-powered decisions and recommendations, providing insights for regulatory compliance and reducing manual claims touchpoints
- Coverage Check: Intelligent claims automation improving productivity in the claims process by eliminating time-intensive tasks, identifying noncovered claims, detecting fraud, claims leakage, etc.
“We look forward to collaborating with omni:us to help insurance companies with AI-based cognitive claims management solution and digital technologies to simplify claims lifecycle,” said Mohit Gupta, Founder & Chief Executive Officer, Damco Solutions Inc. “Together, we would be able to help a broader range of insurers industrialize innovation in claims management. With the addition of omni:us, we see tremendous opportunity to enlarge our approach and help more businesses supercharge their future-readiness.”
“omni:us and Damco share a common aspiration: to drive insurance businesses towards a more efficient and customer-oriented experience”, said Sofie Quidenus-Wahlforss, Founder & Chief Executive Officer, omni:us. “We at omni:us are excited to team up with such a veteran player in the field as Damco. Both sides will benefit from the other’s strengths and specializations and be further empowered to realize our ultimate goal of bringing about wide digital transformation to the insurance sector.”
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