Omniscience provides a platform for insurers to automate the underwriting process, with a specific focus on life insurance. The platform uses machine learning combined with internal and external data to assess risk associated with a policy. In addition, Omniscience also provides other solutions to obtain and analyze customer intelligence from documents such as application forms, health check forms, etc. and create a comprehensive profile for each applicant, which complements its underwriting platform to support the underwriting decision. In March 2020, the company raised USD 12 million in Series A funding from RGAX and life insurance leaders Guardian Life Insurance.
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