- Annuity provider Revol One Financial achieves expedited
"go live"
- Genpact's data, technology, and AI expertise combined
with AWS services modernize insurance businesses to drive
competitive advantage
NEW
YORK, May 8, 2024 /PRNewswire/ -- Genpact (NYSE:
G), a global professional services and solutions firm delivering
outcomes that shape the future, today announced its work with
Amazon Web Services (AWS) to fast-track Revol One Financial's entry
into the fixed annuity insurance sector. Genpact and AWS
facilitated the evolution of the company as a fully cloud-native
entity, enabling Revol One Financial to reach its "go live"
milestone in a remarkable timeframe.
This example highlights how Genpact is leveraging its deep
industry and technology expertise, combined with AWS services to
modernize insurance companies to outpace competitors.
Revol One Financial's cloud-based fixed annuity company is
powered by AWS services and Genpact's data, tech, and artificial
intelligence (AI) expertise. This has enabled the company to
streamline and digitize operations, shorten product launch
timelines, and enhance customer experiences across its digital
ecosystem. Revol One Financial has been set up for long-term growth
and differentiation, effectively tackling challenges faced by
traditional insurers with legacy systems.
The AWS services employed included:
- Amazon Bedrock, a fully managed service that offers a
choice of high-performing foundation models (FMs) from leading AI
companies via a single application programming interface (API),
along with a broad set of capabilities organizations need to build
generative AI applications with security, privacy, and responsible
AI;
- Amazon Connect, an AI-powered cloud contact center;
- AWS CloudTrail, a service enabling auditing, security
monitoring, and operational troubleshooting; and
- Amazon OpenSearch Serverless, an on-demand serverless
configuration for Amazon OpenSearch Service.
"With the agility of the cloud coupled with a scalable digital
ecosystem, Revol One Financial can swiftly adapt to meet the
ever-changing needs of our distribution relationships, financial
professionals and clients," said Bob
Guillemette, Chief Information Officer, Revol One
Financial. "Genpact's data, technology, and AI expertise, along
with the power of AWS, enabled us to establish an innovative
technology platform, driving swift product innovation and expedited
market delivery."
Revol One Financial's technology ecosystem is highly resilient
and cost-effective, offering distribution relationships and
financial professionals personalized 360-degree view of the
customer. It also features a scalable data transformation and
integration hub, along with an intelligent document management
system.
"Cloud services, entwined with data, drive significant
innovation for insurers in a dynamic market," said Suhas Sethi, Business Leader, Insurance
Services, Genpact. "Data-driven insights enable informed
decisions, personalized customer experiences, and ongoing product
innovation. Our collaboration with Revol One Financial exemplifies
this synergy, accelerating their AI journey and providing deep
insights into customer behavior, market trends, and risk
assessment."
For more information about Genpact's work in the insurance
industry, visit here.
To learn more about Revol One Financial, visit the company's
website here.
About Genpact
Genpact (NYSE: G) is a global
professional services and solutions firm delivering
outcomes that shape the future. Our 125,000+ people across 30+
countries are driven by our innate curiosity, entrepreneurial
agility, and desire to create lasting value for clients. Powered
by our purpose – the relentless pursuit of a world that works
better for people – we serve and transform leading
enterprises, including the Fortune Global 500, with our deep
business and industry knowledge, digital operations services,
and expertise in data, technology, and AI.
Get to know us at genpact.com and
on LinkedIn, X, YouTube,
and Facebook.
Revol One Financial™ is the marketing name for Revol One
Insurance Company. Revol One Insurance Company is responsible
for its own financial and contractual obligations. Revol One
Insurance Company is not authorized to conduct business in the
state of New York.
MEDIA CONTACT:
Sue
Martenson
Genpact Media
Relations
978-905-9582
susan.martenson@genpact.com
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SOURCE Genpact