PriyaPatel
TLDR:
- Sayata Risk Engine uses AI to flag high-risk accounts
- Canopy Connect and Hawksoft integrate to eliminate data entry for agents
Sayata has launched the Sayata Risk Engine, an AI-powered platform that uses AI to flag high-risk accounts. The Risk Engine employs SmartExtrapolation technology to draw conclusions when traditional data sources fail. Carriers adapting portfolios based on Risk Engine findings can see a 10-point reduction in loss ratios.
Canopy Connect and Hawksoft have launched an integration that allows insurance agents to collect verified data through Canopy Connect and import it into Hawksoft, eliminating the need for data entry. This integration helps agencies grow and improves the agent and client experiences.
Overall, these advancements in technology are helping insurance companies better assess risk and improve operational efficiency.
Key Elements of the Article:
Sayata has introduced an AI-based risk engine that helps insurers flag high-risk accounts and reduce loss ratios. This technology, which employs SmartExtrapolation, can provide a strategic advantage to insurers.
Canopy Connect and Hawksoft have collaborated to eliminate data entry for insurance agents, allowing them to collect verified data through Canopy Connect and import it seamlessly into Hawksoft. This integration improves the overall efficiency and user experience for insurance agencies.
These advancements in technology show how AI and data integration are revolutionizing the insurance industry, enabling better risk assessment and operational efficiency for insurance companies.
