Consulting and technology firm Xceedance is canvassing ideas from insurance industry participants to find use cases to explore in a new Generative AI Centre of Excellence. 

Xceedance will develop a shortlist and workshop the selected ideas, providing the results at no cost. It will work with industry participants to both foster new ideas and implement known ones, develop successful integration methods, and provide investment.  

“I look forward to hearing from Australian insurance industry participants with novel ideas on ways generative AI can assist them to expedite data processing, better manage claims processing or find answers to underwriting questions,” Xceedance Business Leader Prateek Vijayvergia said. 

“There are myriad ways in which generative AI can be useful and Xceedance is happy to invest time and expertise to workshop these ideas and help them come to fruition.”  

Mr Vijayvergia says insurers, brokers and underwriting agencies can use AI to aid scalability, flexibility, data analytics and sustainable operations and “redefine” insurance. 

Applications can be made to prateek.vijayvergia@xceedance.com