Origami Risk, a provider of risk, safety, and insurance Software as a Service (SaaS) technology, has announced plans to launch a new suite of Generative AI (GenAI) solutions for risk managers. The launch will take place next week at the RIMS conference in San Diego, where the company encourages risk professionals to approach the integration of AI tools with caution and informed strategies.
The new offerings include two prototypes designed to guide risk and insurance professionals through the strategic adoption of AI. Origami Risk has also introduced a GenAI Product Pilot Program, allowing a select group of its clients to contribute to the development of the company’s AI solutions.
Among the new tools is the AI Risk Identifier, which aims to assist risk managers in evaluating potential AI use cases, both in progress and pre-development. The tool is designed to assess risks and opportunities linked to various AI applications, enabling risk managers to prioritize and mitigate potential challenges during the planning stages.
The GenAI Pilot Program includes several other initiatives, such as the ability to review audit responses and use OpenAI-powered tools to suggest corrective actions for low-scoring areas. Additionally, the program features technology to streamline claims summaries and generate task lists and emails efficiently.
Another notable product is Audit Accelerator, developed in collaboration with Origami’s subsidiary, Dais. This technology aims to enhance efficiency by enabling organizations to conduct safety audits at scale, potentially reducing the need for physical audits across multiple sites. The solution also includes a visual dashboard for comparing claims frequency and severity before and after implementing the Audit Accelerator.
Earne Bentley, President of Risk Solutions at Origami Risk, emphasized the evolving risks associated with AI and the importance of well-governed adoption. He stated, “While the risks related to AI are significant and evolving, the greater long-term risk for organizations may be lost opportunities for those that do not adopt AI-enabled processes in a strategic manner.” Bentley also expressed concern about professionals rushing to embrace AI without adhering to best practices, which could lead to larger issues down the line.
Origami’s suite of GenAI solutions aims to provide a controlled and sustainable framework for risk managers to explore and incorporate AI into their operations.
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