NEW YORK, JANUARY 10, 2023 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, has announced a partnership with Brown & Brown Absence Services Group, a provider of value-driven solutions that meet the evolving needs of disability and self-insurers. Together, the companies will develop an end-to-end claims management service that leverages conversational AI and powerful analytics to improve claims adjudication processes. This new capability allows you to extract and analyze key insights from unstructured claims data, instantly tag simple claims for immediate automated processing, and transfer more complex cases to skilled professionals. for an in-depth review based on years of billing experience.
Combining cutting-edge technology and human ingenuity, the new solution is designed to reduce the cost and time spent pouring claim data into manually determining each file. Drawing on Brown & Brown’s knowledge of complex and nuanced claims analytics and independent and trusted claims reviews, along with EXL’s deep expertise in fault operations and AI-driven claims models, the new solution improves workflows and delivers faster deliver the results to the final customer.
“This new technology optimizes AI and advanced analytics to improve the speed and accuracy of claims processing, while also allowing us to include humans in the loop to focus on more complex cases.” This is the future of the insurance industry, where AI technology can now augment human workflows to dramatically improve the speed, accuracy and depth of analysis required to meet today’s market demands. ”
“This collaboration will make a meaningful difference in how we manage disability claims. Brown & Brown Absence has a team of over 200 doctors, nurses and professional We deliver highly personalized, people-driven solutions powered by our experienced claims analysts, said Michael Shunney, Chief Executive Officer, Brown & Brown Absence Services Group. “The industry has been working for years to harness the power of AI and human experience, and this initiative is making that vision a reality.”
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About Brown & Brown Absence Service Group
Brown & Brown Absence Services Group, LLC is focused on adding value across the absence continuum. We bring industry-wide experience and extensive capabilities to deliver value-driven solutions that meet the evolving needs of disability and self-insurers. Our solutions include SSDI advocacy, medical file review, clinical services, advisory services, recovery services, claims management, human resources solutions, and consulting solutions. Our Medicare-focused insurance agency, Aevo Insurance Services, LLC, provides advisory services for Medicare eligibility and policy decisions. Brown & Brown Absence Services Group, LLC and Aevo Insurance Services, LLC are direct subsidiaries of Advocator Group Holding Company, Inc., part of Brown & Brown, Inc. For more information, please visit http://www.bbabsence.com.
EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company that partners with clients to improve business outcomes and unlock growth. Combining deep domain expertise with robust data, powerful analytics, the cloud, artificial intelligence (“AI”) and machine learning (“ML”) to create agile and scalable solutions to help industries including insurance We execute complex operations for the world’s leading companies. , Healthcare, Banking & Financial Services, Media, Retail, etc. With a focus on accelerating decision making and transforming operating models, EXL was founded on core values of innovation, collaboration, excellence, integrity and respect. Headquartered in New York, our team exceeds his 43,100 people in over 50 offices across six continents. For more information, please visit www.exlservice.com.
Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements. Undue reliance should not be placed on these statements as they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment. All of these are difficult to predict and many of them are beyond EXL’s control. Forward-looking statements contain information regarding EXL’s possible or anticipated future performance, including a description of its business strategy. These statements include “may”, “will”, “should”, “believe”, “expect”, “expect”, “intend”, “plan” may include words such as “estimate”, “estimate”, or similar expressions. These statements are prepared in the light of management’s experience in the industry and management’s perception of historical trends, current conditions, anticipated future developments and such other factors as it considers appropriate under the circumstances. based on assumptions made. You should understand that these statements are not guarantees of performance or results. They include known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, a number of factors could affect EXL’s actual financial or operating results and actual results may vary. Please note that may differ materially from the forward-looking statements. These factors include our ability to successfully complete and integrate our strategic acquisitions, our ability to respond to and manage the public health crisis, including the outbreak and continued impact of the COVID-19 pandemic, and our ability to invest in EXL securities. Trade Commission, including EXL’s Annual Report on Form 10-K and EXL’s Quarterly Report on Form 10-Q. These risks could cause actual results to differ materially from those implied by the forward-looking statements in this release. Please note that any forward-looking statements made here or elsewhere speak only as of the date on which they are made. New risks and uncertainties arise from time to time and it is impossible to predict these events or how they may affect EXL. EXL undertakes no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.
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