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On Wed, 5 Mar, 8:02 AM UTC
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[1]
DXC and ServiceNow unveil AI-powered solution for insurance efficiency
DXC Technology and ServiceNow have announced a new collaboration aimed at modernizing the insurance industry with AI-powered solutions. Through their partnership, DXC is introducing DXC Assure BPM (Business Process Management) powered by ServiceNow, leveraging AI, automation, and workflow optimization to streamline operations and reduce manual processing costs. Insurers face growing pressure to accelerate growth, improve service delivery, and enhance efficiency, yet many are constrained by outdated, manual workflows. According to HFS Research, 45% of insurers are already investing in technology to align front, middle, and back-office operations. By combining DXC's deep insurance expertise with ServiceNow's AI-driven workflows, the new DXC Assure BPM platform is designed to: DXC and ServiceNow executives emphasized the impact of this partnership on the industry. "We are committed to delivering exceptional value to our customers. Our expanded partnership with ServiceNow will drive speed, agility, and operational transformation for insurers," said Ray August, President of Insurance Software and Business Process Services at DXC. Erica Volini, Executive VP at ServiceNow, added, "Unifying ServiceNow's AI and workflows with DXC's deep insurance insight has the power to change insurance processes in ways never possible before." Mood Media unveils AI Messaging Copilot for instant in-store audio creation Now available, DXC Assure BPM powered by ServiceNow offers an end-to-end solution for insurers, covering policy administration, billing, underwriting, and claims management. Key highlights include:
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DXC and ServiceNow to Drive AI-powered Innovation for the Insurance Industry - ServiceNow (NYSE:NOW), DXC Technology (NYSE:DXC)
ServiceNow and DXC expand their strategic partnership to combine DXC's industry-leading software and expertise with ServiceNow's AI-enabled platform ASHBURN, Va. and SANTA CLARA, Calif., March 4, 2025 /PRNewswire/ - DXC Technology DXC, a leading Fortune 500 global technology services provider, today announced new offerings with ServiceNow NOW, the AI platform for business transformation, to modernize the insurance industry. As an Elite partner, DXC is combining its industry-leading solutions and ServiceNow's AI capabilities and workflows to introduce DXC Assure BPM (Business Process Management) powered by ServiceNow. Today's insurers are pressured to accelerate growth and innovation, streamline operations, and provide faster, more reliable services to policyholders, but are often constrained by processes and workflows that are complex and highly manual. According to HFS Research, 45% of insurers are already investing in technology-driven alignment of their front, middle, and back offices. DXC and ServiceNow are uniquely positioned to help insurers drive innovation for greater operational efficiency. Combining DXC's insurance expertise and scale with ServiceNow's single platform and data model, DXC Assure BPM powered by ServiceNow integrates AI, data and workflows to reduce process debt, enhance operational efficiency, and improve customer satisfaction. The solution applies across the entire policy lifecycle and is expected to help reduce up to 40% of operational costs typically spent on manual processing. "We are committed to delivering exceptional value to our customers and accelerating business outcomes. Our expanded partnership with ServiceNow will combine our deep insurance expertise with ServiceNow's advanced AI workflow technology to drive speed, agility and operational transformation for insurers," said Ray August, President of Insurance Software and Business Process Services at DXC. "Together, we are shaping the future of the insurance industry." "Unifying ServiceNow's AI and workflows with DXC's deep insurance industry insight has the power to change insurance processes in ways never possible before," said Erica Volini, executive vice president, worldwide industries, partners, and go-to-market at ServiceNow. "Together we're helping accelerate transformation across carriers - bringing greater agility and speed to each and every process." Available today, Assure BPM powered by ServiceNow is an end-to-end insurance solution designed to support the full policy lifecycle, including policy administration, billing and payment, new business and underwriting, and claims management. Key highlights include: Purpose-built, preconfigured workflows based on DXC's 40+ years of insurance experience and ServiceNow's AI and workflow technology. Fully integrated with DXC Assure Platform for advanced security, seamless integrations to many DXC insurance applications and enhanced data hub.AI-driven, self-service portal for policyholders that delivers a personalized customer experience with faster, more accurate responses to questions. Enhanced AI capabilities to automate back-office policy administration and free up resources to focus on innovation and customer service. For more information on the DXC Assure BPM powered by ServiceNow, visit www.dxc.com/lifeandwealth All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements." These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled "Risk Factors" in DXC's Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law. About DXC Technology DXC Technology DXC helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com. About ServiceNow ServiceNow NOW is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes. For more information, visit: www.servicenow.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/dxc-and-servicenow-to-drive-ai-powered-innovation-for-the-insurance-industry-302391059.html SOURCE DXC Technology Company DXCDXC Technology Co$18.210.61%OverviewNOWServiceNow Inc$911.690.15%Market News and Data brought to you by Benzinga APIs
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DXC Technology and ServiceNow collaborate to introduce DXC Assure BPM, an AI-driven platform designed to streamline insurance operations, reduce manual processing costs, and enhance customer experience.
In a groundbreaking collaboration, DXC Technology and ServiceNow have unveiled a new AI-powered solution aimed at modernizing the insurance industry. The partnership introduces DXC Assure BPM (Business Process Management), a platform designed to leverage artificial intelligence, automation, and workflow optimization to streamline operations and significantly reduce manual processing costs 1.
The insurance sector faces mounting pressure to accelerate growth, improve service delivery, and enhance efficiency. However, many insurers are constrained by outdated, manual workflows. According to HFS Research, 45% of insurers are already investing in technology to align front, middle, and back-office operations 2.
DXC Assure BPM powered by ServiceNow offers an end-to-end solution for insurers, covering various aspects of the insurance lifecycle:
The platform integrates AI, data, and workflows to reduce process debt, enhance operational efficiency, and improve customer satisfaction. It is expected to help reduce up to 40% of operational costs typically spent on manual processing 2.
Key highlights of the new solution include:
Ray August, President of Insurance Software and Business Process Services at DXC, emphasized the partnership's commitment to delivering exceptional value to customers. He stated, "Our expanded partnership with ServiceNow will drive speed, agility, and operational transformation for insurers" 1.
Erica Volini, Executive VP at ServiceNow, highlighted the transformative potential of the collaboration, saying, "Unifying ServiceNow's AI and workflows with DXC's deep insurance insight has the power to change insurance processes in ways never possible before" 1.
DXC Assure BPM powered by ServiceNow is available now, offering a comprehensive insurance solution designed to support the full policy lifecycle. The platform is fully integrated with DXC Assure Platform, providing advanced security, seamless integrations to many DXC insurance applications, and an enhanced data hub 2.
As the insurance industry continues to evolve, this partnership between DXC Technology and ServiceNow represents a significant step towards AI-driven innovation and efficiency, potentially reshaping the future of insurance operations and customer service.
DXC Technology and ServiceNow have partnered to create an AI Center of Excellence, combining DXC's industry expertise with ServiceNow's generative AI solutions to streamline AI adoption for businesses globally.
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