LEAWOOD,
Kan., Oct. 13, 2022 /PRNewswire/
-- Torch.AI, Pioneers of Data Infrastructure AI™, announced
today the company has joined Insurtech Vanguards, an initiative led
by Guidewire (NYSE: GWRE), a leading Property & Casualty
(P&C) cloud platform provider. With this, Torch.AI will bring
data and artificial intelligence (AI) capabilities to insurance
organizations across the insurance value chain.
Guidewire's Insurtech Vanguards program is an initiative to help
insurers learn about solutions from leading insurtechs and how to
best work with them. As part of the program, Torch.AI joins one of
the most reputable software providers in the insurance industry
today to bring unique enterprise-level data infrastructure
technology to a large and growing network of Guidewire customers
and partners.
"The large majority of insurance organizations today have not
been able to optimize data usage across the business, still relying
on error-prone, manual processes and complex point solutions," says
Jason Eidam, Torch.AI's VP of
Commercial Markets. "We're excited to join Guidewire's Insurtech
Vanguards Program and do our part in advancing an industry ready to
make the jump towards new, game-changing solutions."
Torch.AI's insurance solutions are already proven in helping
generate time savings of nearly 85% for their existing customers
while also reducing risk and informing improved analytical
capabilities currently hampered by mundane, manual-heavy workloads.
Their Data Infrastructure AI issues a connective data layer that
has been optimized to address enterprise-level data challenges
across brokers and MGAs, carriers, and insurance operations, risk,
and innovation teams.
"Insurtech Vanguards is a community of select startups and
technology providers that are bringing novel solutions to the
P&C industry," said Laura
Drabik, Chief Evangelist, Guidewire. "We are excited to
welcome Torch.AI to this group of trendsetting insurtechs."
As part of the program, Guidewire provides strategic guidance to
and advocates for the participating insurtechs, while connecting
them with Guidewire's P&C customers.
About Torch.AI
Torch.AI, the Data Infrastructure AI Pioneers™, are
headquartered in Kansas City with
offices in Washington, DC. The
company developed the use of AI to process data in-flight,
radically evolving analytic and operational capabilities in any IT
environment. Torch.AI's products and people are currently actively
supporting operations in industries including financial services
& insurance, construction and engineering, healthcare, and the
US Department of Defense, US Department of Homeland Security, and
other agencies.
Media Contact: hello@torch.ai
View original content to download
multimedia:https://www.prnewswire.com/news-releases/torchai-joins-guidewires-insurtech-vanguards-program-brings-data-infrastructure-ai-to-guidewires-insurance-network-of-nearly-50-partners-301647967.html
SOURCE Torch.AI