IntellectAI, the Insurtech business unit of Intellect Design Arena offering AI and data-powered underwriting solutions, and Confianza, a cutting-edge insurtech that is fast-tracking targeted risk selection and loss ratio improvements for P&C insurers, have announced a partnership to transform the submission and quoting process. With this partnership, Confianza`s predictions and risk scores enhance the underwriting process within IntellectAI`s digital underwriting platform by providing carriers and MGAs with a way to assess and segment risk earlier and faster than ever. Confianza`s unique value proposition in the market provides detailed insight into the business and its operations while also profiling the business principal and consumer, providing underwriters with more holistic insights to make better-informed decisions on the actual business risk. IntellectAI`s end-to-end, AI-powered underwriting ecosystem assists underwriters in risk assessment and decision-making across commercial, specialty, and E&S lines. This includes risk clearance, onboarding, and triage. Data and resultant predictive scores like Confianza`s can be directly integrated into risk-processing workflows. As a result, underwriters can make faster and better-informed decisions from submission to quote, improve speed to market, and enhance the broker and client experience.Powered by Capital Market - Live News

Intellect Design Arena will hold a meeting of the Board of Directors of the Company on 24 January 2025.Powered by Capital Market - Live News

Intellect Global Consumer Banking (iGCB), the consumer banking unit of Intellect Design Arena, today announced a significant enhancement to its already robust eMACH.ai Cards platform. The integration of Thales payShield HSM introduces an additional layer of security and authentication, catering to banks and financial institutions seeking next-generation protection. The eMACH.ai Cards platform is built with comprehensive security and authentication features. It also has Triple DES cryptography in addition to being certified as PCI - Secure Software Standard compliant. This ensures the highest protection standards in card management processes. With the Thales payShield HSM integration, the platform now offers even greater capabilities, addressing the specific needs of institutions requiring advanced cryptographic operations and enhanced compliance. eMACH.ai Cards with Thales payShield HSM provides a secure environment for key generation, storage and management, compliance with Data Protection Regulations, and secured transactions in the payment system, thus empowering the banks to stay at the forefront of innovation. Powered by Capital Market - Live News

IntellectAI, the Insurtech business unit of Intellect Design Arena offering AI and data-powered underwriting solutions, and InsureMO, a leading global insurance infrastructure platform, announced that Incarnation Specialty, signed on as the latest MGA client for IntellectAI`s underwriting workbench, eMACH.ai Xponent, with the InsureMO policy admin system. As an Managing General Agency (MGA) with specialised inland and ocean marine insurance offerings, Incarnation selected two insurtech companies because they were looking to rapidly mobilise and launch an end-to-end underwriting and policy admin solution to ingest, underwrite, rate, quote and bind submissions, and issue and manage policy lifecycles. eMACH.ai Xponent is a highly configurable, feature-rich AI-powered, end-to-end workbench for account-centric underwriting built on Purple Fabric platform enhanced by eMACH.ai framework. Purple Fabric is an advanced enterprise AI platform that uses a low-code, self-service approach to enable enterprises to quickly build and implement AI solutions. This strategy reduces costs and time investment while fostering creativity.Powered by Capital Market - Live News

Intellect Design Arena has allotted 1,64,744 equity shares under ESOP on 18 November 2024. With this allotment, the paid up equity share capital has increased to Rs. 692,089,220/- divided into 138,417,844 equity shares of Rs. 5/- each.Powered by Capital Market - Live News