Genpact acquires insurance cloud provider OnSource

New York Aug 3 (IANS) Global professional services firm Genpact on Thursday announced the acquisition of US-based OnSource provider of a leading Inspection-as-a-Service (IaaS) product for property and casualty (P&C) insurance carriers and their customers.

The terms of the financial deal were yet to be disclosed.

"OnSource s innovation and ability to disrupt insurance claims operations to both save insurance carriers time and resources and provide a seamless customer experience is a critical addition to our digital-led insurance service offerings " said Sasha Sanyal Senior Vice President Insurance Genpact.

As part of its ongoing strategy to drive digital-led innovation and digitally-enabled intelligent operations for clients around the world Genpact is investing in leading technologies that reimagine the customer experience and radically change how companies compete.

OnSource uses advanced technologies - such as real-time browser-based communication self-service applications and drones - to put consumers in control of their insurance claims and fundamentally transform the process for insurance carriers.

The OnSource IaaS product will leverage Genpact Cora Genpact s artificial intelligence-based digital platform.

--IANS
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