Origami Risk, the industry-leading risk, safety and insurance Software as a Service (SaaS) technology firm, announced new solutions and platform enhancements designed to streamline complex workflows, reduce manual processes and deliver more intuitive, real-time insights for platform users. All solutions are now available to Origami Risk customers.
The latest updates span claims management policy administration and financial workflows:
New AI Claim Summary Solution: Claims professionals often face overwhelming volumes of inconsistent data and manual processes, leading to slower resolution and increased risk.
Origami Risk’s new AI Claim Summary solution leverages generative AI to automatically extract key claim information to produce a concise, structured overview of the claim, enabling faster, more informed decision-making for claims and risk managers. By analyzing related records such as involved parties, policy details, loss events and financials, the AI Claim Summary provides a comprehensive, real-time view of each claim, with summaries that update automatically as records change.
New Book of Business Transfer Solution: When agencies transfer a book of business, insurance policies and associated commissions must typically be reassigned through a complex, manual process.
Origami Risk’s new Book of Business Transfer feature enables brokers, carriers, underwriters, operations teams and finance leaders to move hundreds of policies at once through a governed bulk process, eliminating the need for endorsement forms or policy re-rating. This workflow efficiency allows teams to transfer large volumes of policies more quickly while simultaneously reducing errors and compliance risk.
Enhanced Pay-As-You-Go Workflow Solution: Pay-as-you-go workers’ compensation insurance, or payroll billing, ties premiums to payroll and requires regular coordination between insurers and finance teams.
Origami Risk’s enhanced Pay-As-You-Go workflow solution enables policyholders to upload a single payroll file, instantly review totals in a searchable grid and automatically apply credit balances. The workflow efficiencies extend to underwriters, who can easily configure payroll periods, and finance teams who receive clean, automatically allocated data for more accurate forecasting.
The announcement underscores Origami Risk’s commitment to helping clients streamline operations, automate complex workflows and access real-time insights across the insurance and risk management lifecycle.
