Origami Risk to launch new GenAI solutions for risk managers

Origami Risk, the risk, safety, and insurance Software as a Service (SaaS) technology firm, has announced that it will launch its new package of Generative AI (GenAI) solutions for risk managers at RIMS in San Diego next week, as the company urges risk managers to take an informed approach to adopting and integrating the latest artificial intelligence (AI) tools.

The company is launching two prototypes that aim to safely guide risk and insurance professionals through the strategic adoption of AI.

At the same time, the firm has also unveiled a GenAI Product Pilot Program, which enables a selection of Origami’s clients to help shape the development of Origami’s own AI features.

According to the announcement, Origami has developed AI Risk Identifier, which is set to support risk managers in the planning phase of their implementation of AI.

From what we understand, AI Risk Identifier assesses potential AI use cases -both in progress or pre-development- to identify and mitigate the risks involved.

It has also been revealed, that the product will determine the risks and opportunities associated with different potential use cases, enabling risk managers to strategically prioritise their activities and mitigate the risks associated with them.

Additionally, Origami’s GenAI Pilot Program has gathered several of the company’s clients to pilot potential future use cases for the organisation. These include the ability to review audit responses and use Open AI to recommend potential corrective action for low-scoring areas.

Origami’s GenAI Pilot Program also features technology to quickly summarise claims and compose task lists and emails.

Furthermore, Audit Accelerator has also been developed in partnership with Origami’s subsidiary Dais.

The technology reportedly runs safety audits at scale. From a simple photo upload, organisations will be able to increase their efficiency by potentially removing the need for people to perform physical safety audits across multiple sites in multiple locations.

As well as this, a visual dashboard will also allow for clients to see a comparison of claims frequency and severity based on both before, and after Audit Accelerator was implemented.

It has been confirmed that all of these initiatives will be integrated into Origami’s single platform.

Earne Bentley, President of Risk Solutions, Origami Risk commented: “The risks associated with AI are very real and rapidly evolving. But the risks, in the form of lost opportunities, are even greater in the long run for organizations that do not move forward with well-governed, AI-enabled processes. Our State of Risk report highlights that although few risk professionals rate GenAI as a priority for their business, many are working on its applications anyway. We’re concerned that in the rush to embrace the possibilities of this evolving technology, many professionals may abandon best practices and create bigger problems for their organisations in the long run.”

He continued: “Our package of GenAI solutions represents a safe, strategic and purposeful approach to these technologies that will help risk managers to safely explore and adopt GenAI in a robust and sustainable manner.”

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.