Learning Management

EXL and Brown & Brown Absence Companies Group Accomplice to

NEW YORK, Jan. 10, 2023 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a number one information analytics and digital operations and options firm, introduced a partnership with Brown & Brown Absence Companies Group, a supplier of value-driven options that meet the evolving wants of incapacity insurance coverage corporations and self-insured entities. Collectively, the 2 corporations will develop an end-to-end claims administration service that leverages conversational AI and highly effective analytics to enhance the claims adjudication course of. This new functionality will allow extracting and analyzing vital insights from unstructured claims information to immediately tag easy claims for fast, automated processing and ship extra advanced instances to extremely expert specialists for detailed assessment knowledgeable by years of claims expertise.

By combining leading edge know-how with human ingenuity, the brand new resolution is designed to scale back prices and time spent pouring over claims information to manually adjudicate every file. Drawing on EXL’s deep area experience in incapacity operations and AI-powered claims mannequin, together with Brown & Brown’s data of advanced, nuanced claims evaluation and impartial and dependable claims evaluations, the brand new resolution improves workflows and delivers sooner outcomes to finish clients.

“This new know-how optimizes AI and superior analytics to enhance the velocity and accuracy of claims processing, whereas additionally together with people within the loop to deal with extra advanced instances,” mentioned Andy Logani, senior vp, Head of Life & Annuity Enterprise at EXL. “That is the way forward for the insurance coverage {industry} – we’ve now reached some extent the place AI know-how is ready to increase human workflows to dramatically improve the velocity, accuracy and depth of analyses required to fulfill the calls for of the present market.”

“This collaboration will carry significant change to the best way we handle incapacity claims. Brown & Brown Absence brings extremely personalised, talent-led options powered by a group of over 200 physicians, nurses, and vocational professionals, together with skilled claims analysts with a median of 15 years of expertise, and EXL brings 20+ years of expertise within the insurance coverage {industry}, backed by confirmed information, analytics and digital capabilities,” mentioned Michael Shunney, chief govt officer of Brown & Brown Absence Companies Group. “The {industry} has been working for years to harness the ability of AI and human expertise, and this initiative is making that imaginative and prescient a actuality.”

To be taught extra about particular person and group life insurance coverage options, click on right here.

About Brown & Brown Absence Companies Group, LLC
Brown & Brown Absence Companies Group, LLC, is concentrated on including worth throughout the absence continuum. We carry industry-wide expertise and in depth capabilities to ship value-driven options that meet the evolving wants of incapacity insurance coverage corporations and self-insured entities. Our options embrace SSDI advocacy, medical file assessment, scientific providers, advisory providers, restoration providers, claims administration, expertise options, and consultative options. Our Medicare-focus insurance coverage company, Aevo Insurance coverage Companies, LLC, gives Medicare eligibility and coverage determination advisory providers. Brown & Brown Absence Companies Group, LLC, and Aevo Insurance coverage Companies, LLC are direct subsidiaries of Advocator Group Holding Firm, Inc., a part of Brown & Brown, Inc. For extra info, please go to http://www.bbabsence.com

About EXL
EXL (NASDAQ: EXLS) is a number one information analytics and digital operations and options firm that companions with purchasers to enhance enterprise outcomes and unlock progress. By bringing collectively deep area experience with sturdy information, highly effective analytics, cloud, synthetic intelligence (“AI”) and machine studying (“ML”), we create agile, scalable options and execute advanced operations for the world’s main companies in industries together with insurance coverage, healthcare, banking and monetary providers, media, and retail, amongst others. Targeted on driving sooner decision-making and remodeling working fashions, EXL was based on the core values of innovation, collaboration, excellence, integrity and respect. Headquartered in New York, our group is over 43,100 robust, with greater than 50 places of work spanning six continents. For extra info, go to www.exlservice.com.

Cautionary Assertion Concerning Ahead-Wanting Statements This press launch comprises forward-looking statements. You shouldn’t place undue reliance on these statements as a result of they’re topic to quite a few uncertainties and components regarding EXL’s operations and enterprise atmosphere, all of that are troublesome to foretell and lots of of that are past EXL’s management. Ahead-looking statements embrace info regarding EXL’s doable or assumed future outcomes of operations, together with descriptions of its enterprise technique. These statements could embrace phrases equivalent to “could,” “will,” “ought to,” “imagine,” “count on,” “anticipate,” “intend,” “plan,” “estimate” or comparable expressions. These statements are primarily based on assumptions that now we have made in mild of administration’s expertise within the {industry} in addition to its perceptions of historic traits, present situations, anticipated future developments and different components it believes are applicable below the circumstances. It’s best to perceive that these statements should not ensures of efficiency or outcomes. They contain identified and unknown dangers, uncertainties and assumptions. Though EXL believes that these forward-looking statements are primarily based on cheap assumptions, you have to be conscious that many components may have an effect on EXL’s precise monetary outcomes or outcomes of operations and will trigger precise outcomes to vary materially from these within the forward-looking statements. These components, which embrace our capacity to efficiently shut and combine strategic acquisitions, our capacity to reply to and handle public well being crises, together with the outbreak and continued results of the COVID-19 pandemic, are mentioned in additional element in EXL’s filings with the Securities and Trade Fee, together with EXL’s Annual Report on Kind 10-Ok and EXL’s Quarterly Report on Kind 10-Q. These dangers may trigger precise outcomes to vary materially from these implied by forward-looking statements on this launch. It’s best to needless to say any forward-looking assertion made herein, or elsewhere, speaks solely as of the date on which it’s made. New dangers and uncertainties come up once in a while, and it’s not possible to foretell these occasions or how they might have an effect on EXL. EXL has no obligation to replace any forward-looking statements after the date hereof, besides as required by federal securities legal guidelines.

© 2023 ExlService Holdings, Inc.  All rights reserved. For extra info go to www.exlservice.com/legal-disclaimer

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