Verisk (Nasdaq: VRSK), a prominent data analytics provider for the insurance sector, has launched XactAI, a powerful AI-driven suite designed to optimize claims handling in the property insurance market. Available within the Xactware suite, XactAI leverages generative AI to enhance efficiency by automating tasks like summarizing claims data and labeling photos. Key features include Note Summarization, Automatic Photo Labeling, Transcription Summaries, and AI-Driven Additional Living Expenses categorization. These tools enable insurance professionals, adjusters, and contractors to streamline workflows, make data-driven decisions, and improve outcomes for policyholders. Each AI output is subjected to human oversight, ensuring accuracy and reliability. Built on secure, cloud-native infrastructure, XactAI adheres to rigorous compliance and privacy standards. Verisk’s commitment to ethical AI and regulatory expertise reinforces its dedication to enhancing the insurance process. For more information or a demo, visit Verisk.com.
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