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Mindtree has launched Loss Control Platform, a cloud-based solution to help change the underwriting and risk assessment process for insurers and risk management companies. The solution will enable insurance companies to reduce their business exposure due to optimised risk selection and lower claim incidence, the company said in a statement.
Gaurav Johri, Senior Vice-President and Head, Platforms Solutions Group said: “Loss control processes are manual and time consuming. Absence of automation and inconsistent assessment methods used by risk teams are inefficient to support the high level of agility required to handle today’s more complex environments."
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