Daily Current Affairs on Canara HSBC Life Insurance launches OmniGen AI for IBPS (PO/SO) Preparation

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Canara HSBC Life Insurance launches OmniGen AI

Canara HSBC Life Insurance is redefining the future of underwriting process with the launch of OmniGen AI, a first-of-its-kind 'Generative AI-driven solution' on Bedrock of Amazon Web Services (AWS). 

  • This solution will be a co-pilot for Underwriters and consume various dimensions and attributes of bundled information like the Underwriting guidelines, Underwriting manual, risk profile attributes required to take precise underwriting decisions .
  • It further brings objectivity to future outcome prediction of risks being insured thereby building up on generative capabilities of such risk models.
  • Advanced algorithms ensure uniformity and precision in risk assessment, minimizing errors and ensuring faster policy issuance.
  • Generative AI co-pilot solution for Underwriters, significantly reduces underwriting processing time & provides scalable Underwriting capacity.

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