DXC Technology Unveils Assure Broking Essentials: An AI-Driven SaaS for Insurance Brokers

DXC Technology Introduces Assure Broking Essentials

DXC Technology, a prominent leader in global technology services, has recently unveiled its latest innovation: Assure Broking Essentials. This new AI-powered, multi-tenant SaaS solution is designed specifically for small and mid-sized insurance brokers to modernize their operations. In an industry that is continuously evolving, brokers find themselves under increasing pressure to digitize their processes, meet growing customer expectations, and comply with numerous regulatory requirements. Assure Broking Essentials is set to revolutionize how these brokers operate and thrive in today's competitive environment.

Meeting Modern Challenges

In the traditional insurance landscape, brokers are often hampered by outdated technologies and practices. They are faced with challenges such as legacy systems, skill shortages, and inefficient processes that hinder their ability to grow and adapt. According to Ray August, President of Insurance Software and BPS at DXC Technology, "As the insurance industry evolves, brokers need tools that not only enhance their productivity but also simplify compliance and elevate the overall customer experience."

The Assure Broking Essentials solution is a game changer, providing a cost-efficient platform that eliminates outdated processes in favor of an AI-first operating model. This allows for quick integration into existing systems while fostering sustainable growth. The solution comes equipped with built-in security and compliance features, adhering to changing regulatory standards, including ACORD GRLC. This ensures brokers can onboard quickly and securely.

Driving Transformation Through Partnership

DXC Technology’s collaboration with industry leaders like ServiceNow and AWS has added another layer of innovation to Assure Broking Essentials. By leveraging ServiceNow’s AI platform and AWS’s secure cloud infrastructure, the solution is not only secure but also scalable. Alix Douglas from ServiceNow highlighted the importance of these collaborations, stating, "The value of trusted platform partnerships becomes clearer as organizations transition from AI experimentation to large-scale operationalization."

The solution employs responsible AI practices, integrating human-in-the-loop automation and intelligent data extraction. This combination improves efficiency and reduces complexity, enabling smooth workflows for brokers who often juggle numerous tasks in their day-to-day operations.

A Commitment to the Insurance Ecosystem

DXC Technology has been a trusted partner for brokers for over 40 years, processing more than half of the transactions within the London insurance market. The introduction of Assure Broking Essentials signifies DXC's continued commitment to advancing the insurance sector as a whole. By expanding its portfolio of core broking solutions, DXC aims to support brokers of all sizes, enabling them to tackle their challenges head-on.

In summary, Assure Broking Essentials stands out as a significant leap forward in the insurance broking space, allowing small and mid-sized brokers to harness the power of AI without incurring extensive IT investments. As the insurance landscape grows increasingly complex, solutions like Assure Broking Essentials are not just desirable but essential for brokers aiming to enhance their service delivery while maintaining competitiveness and compliance in a rapidly evolving market.

For more information on how DXC Technology is reshaping the future of insurance, visit their official website.