Insurance Industry Leaders Make Strategic Investments in Omniscience
Summary
Omniscience’s breakthrough computing platform and artificial intelligence (AI) are assets for these investors and the insurance industry. “Machine learning and AI have the promise to solve many insurance industry challenges,” shares Chandra Reddy, Head of Japan, RGAX. “Omniscience’s ability to use machine learning to run models against increasingly large data sets at scale enables Guardian to make more accurate predictions across core and emerging businesses. Our investment in Omniscience solidifies our commitment to using these capabilities to better serve our prospective customers and current policyholders, make more informed decisions and be a data-driven organization.” RGAX and Guardian Life join financial investors including Translink Capital and others in a $12 million A round funding. Based in Palo Alto, CA, investors in Omniscience include Reinsurance Group of America, TD Bank, Translink Capital and others.