Built to drive decision-making across the entire business
Many business decisions today need to consider how the entire business is impacted. When business silos are optimized for efficiency, only isolated change results. Omniscience megaservices take advantage of all the data across the business. The Omniscale Kaizen continually-learning process drives decisions that solve for the hyperdimensional complexities of the whole business, in a timely way.
Omniscience Megaservices combine to create truely transformational Computational Insurance Platform
Computational Systems to automate departments not just tasks
Omniscience Underwriting Automation streamlines the underwriting process. By leveraging data from numerous sources, a comprehensive model can be created that accurately represents the underwriting decision making process of a company
Actuarial Guidance uses projection data and guidance from an executive actuary to guide the decisions of the enterprise to its desired goals. The world changes and actuarial guidance is the mechanism to ensure the enterprise leads the way.
Customer Intelligence pulls data values from the most complex and even dirty customer forms via our advanced template-agnostic OCR capabilities. As data is digitized, we infer the structure of the data, establishing relationships. For example in life insurance, we ingest laboratory and healthcheck records to optimize the underwriting decision.
Actuarial Guidance looks for patterns in the claims data and feeds it back into the underwriting process. This ensures the most up do date, real world information is used to make decisions.
Capital and Risk Optimization provides greater available capital and lower insolvency risk through more precise capital models. The computational performance allows more thorough and pro-active assessment of risk factors impacting the portfolio. Compliant with critical regulations, such as IFRS17, IFRS9, CECL, Basel III, Solvency II, DFAST, and CCAR.