Hexaware Technologies (NSE: HEXT), an international provider of IT solutions and services, announced the launch of new insurance solutions developed exclusively for Google Cloud. The offerings strengthen Hexaware’s collaboration with Google and reflect a focus on accelerating digital transformation via automation, AI, and scalable cloud-native architectures for the insurance sector.
Hexaware’s parametric claims solution automates “the full life cycle of parametric insurance claims.”
The platform integrates data from real-time sources, such as IMD, NOAA, global satellite networks, and Google Earth Engine, “for continuous environmental monitoring.”
Utilizing the Agent-to-Agent Protocol, self-governing AI agents “autonomously handle trigger detection, data validation, and claims settlement.” This framework “shortens settlement timelines from weeks to mere hours, providing unprecedented efficiency.”
All operational data is unified within Google BigQuery, serving “as a knowledge fabric that ensures immutable transparency and comprehensive auditability across the entire claims process.”
Hexaware’s intelligent platform reimagines “the insurance product delivery life cycle.”
It equips brokers, (re)insurers, and MGAs with “an AI-assisted, no/low-code environment that transitions product development from rigid, manual processes to a faster, more flexible innovation hub with API-based integration.”
Powered by Vertex AI and Gemini Enterprise, it enables the autonomous creation and configuration of new insurance products “directly from natural-language prompts and unstructured documentation.”
Leveraging the Agent-to-Agent Protocol, autonomous agents “manage configuration, testing, and deployment cycles.”
The platform utilizes NotebookLM for accelerated analysis and summarization and integrates conversational analytics in Looker “on a BigQuery data foundation, providing real-time, business-driven insights.”
Shantanu Baruah, President & Global Head – Healthcare, Life Sciences & Insurance, Hexaware, said that these solutions build on their ongoing partnership with Google Cloud and are “designed to help brokers, (re)insurers and MGA firms modernize two of the most critical parts of their value chain—claims and insurance product development—through automation and intelligence.”
The launch forms part of Hexaware’s broader program “to develop cloud-first capabilities that support the future of insurance operations.”
As noted in the update, Hexaware is a global tech and business process services firm.
With offices across the globe, they aim to enable enterprises to realize digital transformation at scale and speed by partnering with them “to build, transform, run, and optimize their technology and business processes.”