Xceedance, a global provider of insurance-focused consulting with a offices in NSW, has invested in Friendly, an AI company focused on life and health underwriting, claims management, and risk assessment processes.
Friendly’s flagship platform transforms complex medical and third-party data into structured, AI-ready insights, for life, disability, long-term care, critical illness, casualty and reinsurance underwriters assessing risk, states Xceedance CEO Arun Balakrishnan.
“Friendly’s AI-driven technology stands out for its ability to enhance underwriting and claims decisions with speed, accuracy and security,” said Balakrishnan.
“This investment reflects the shared vision of Xceedance and Friendly to make life and health insurance operations more intelligent and efficient.
“Friendly empowers underwriters, claim teams and internal data science teams with AI-driven insights that simplify complex decision-making.”
