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DXC Technology Unveils Assure Broking Essentials

In an exciting development for the insurance industry, DXC Technology has launched Assure Broking Essentials, a cutting-edge Software-as-a-Service (SaaS) solution designed specifically for small and mid-sized insurance brokers. This innovative platform, powered by artificial intelligence (AI), modernizes essential operational tasks, empowering brokers to improve efficiency and deliver exceptional customer service.

The Evolution of Insurance Brokerage

As the insurance sector undergoes rapid transformation, brokers face increasing pressure to digitize their operations, meet rising customer expectations, comply with evolving regulations, and prepare for future challenges. Assure Broking Essentials addresses these pressing needs by replacing outdated legacy systems with an AI-driven operational model that ensures seamless integration into existing workflows and facilitates sustainable growth.

Ray August, President of Insurance Software at DXC Technology, emphasized the urgency of empowering small and mid-sized brokers in this evolving landscape. He stated, "Brokerages are grappling with technological constraints, skill shortages, and outdated processes. With Assure Broking Essentials, we're providing a secure, scalable platform that enhances productivity, streamlines compliance, and elevates customer service to new heights."

Features of Assure Broking Essentials

The solution incorporates an array of innovative features designed to maximize workflow optimization:

• - Integrated Security and Compliance: Assure Broking Essentials comes with built-in security and compliance capabilities, meeting critical regulatory standards, including ACORD GRLC requirements. This feature allows brokers to adapt swiftly to market changes while maintaining robust operational integrity.
• - AI-Driven Insights: The platform leverages responsible AI practices, implementing human-in-the-loop automation and intelligent data extraction methods that aim to enhance productivity, reduce complexity, and optimize workflows across various service lines.
• - Partnership Integration: Built on the reliable infrastructure of ServiceNow and secured by Amazon Web Services (AWS), the solution taps into the industry expertise of partners like Velonetic and Mea, delivering enterprise-level innovation without the need for costly IT investments.

This launch underscores DXC's commitment to modernizing the global insurance ecosystem, expanding its portfolio of core broking solutions, and supporting brokers of all sizes with state-of-the-art assistance. With over four decades of experience in the industry, DXC stands as a trusted partner in handling more than 50% of market transactions in London alone.

Commitment to Innovation

DXC Technology’s dedication to driving innovation has not gone unnoticed. The company continues to work closely with brokers and reinsurers to minimize complexities and costs across more than a billion policies processed using its software.

"As enterprise AI moves from experimentation to large-scale operationalization, the significance of effective, scalable partnerships is at an all-time high," remarked Alix Douglas, GVP of Partner Solutions at ServiceNow. "DXC Assure Broking Essentials enhances customer experience by integrating customizable, cost-effective AI capabilities, thus accelerating overall business transformation."

To learn more about this revolutionary solution and its transformative capabilities, visit DXC Technology's official website. With its fresh approach to addressing brokers' unique challenges, Assure Broking Essentials is poised to redefine how insurance brokers operate in a digital-first world.