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Omniscience (company)

Omniscience (company)

Omniscience is an artificial intelligence company providing automated underwriting and risk intelligence services for the insurance industry.

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Edits on 24 May, 2021
Golden AI"Funding autocalculation"
Golden AI edited on 24 May, 2021
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Latest postmoney valuation
30,000,000
Edits on 11 May, 2021
Golden AI"Funding autocalculation"
Golden AI edited on 11 May, 2021
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Latest funding type
Series A round
Edits on 29 Mar, 2021
Golden AI"Found on funding round"
Golden AI edited on 29 Mar, 2021
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Investors
Edits on 16 Dec, 2020
Amy Tomlinson Gayle
Amy Tomlinson Gayle edited on 16 Dec, 2020
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Article

Omniscience is a provider of commercialized distributed data-mining systems designed to provide data research serviceservices. The company's system uses open and internal data sources to generate clusters and apply proprietary algorithms to prove accuracy and scalability.

...

Omniscience's platform includes an approach to data distribution that allows vast amounts of data to stay intact and a platform that allows the platform to handle large volumes of data. Each piece of data, is given its own coordinates in the platform, is given its own coordinates. And theseThese data points are tracked for regulatory adherence and to improve the decisions. The platform includes organization specificorganization-specific data ingestion paired with public cloud data.

...

Omniscience havehas developed their computational insurance platform, which offers automated services, which the company suggests is intended to be humanized. The platform automates data to offer cross-organization mutual-optimization. This includes the data from the customer intelligence and underwriting automation systems, incorporated with an organizationsorganization's capital risk and optimization, actuarial guidance, and claims optimization profiles. This platform is intended to help automate business decision making while ensuring compliance with business policy and regulatory compliance.

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Edits on 5 Dec, 2020
Henry Ogolla
Henry Ogolla approved a suggestion from Golden's AI on 5 Dec, 2020
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Article

To try and keep the platform accurate, the artificial intelligenceartificial intelligence and deep learning of the platform removes edge effect distortions. And the platform offers hypothesis testing through a data feedback loop.

Edits on 30 Nov, 2020
Golden AI
Golden AI edited on 30 Nov, 2020
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Golden AI
Golden AI edited on 30 Nov, 2020
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Golden AI
Golden AI edited on 30 Nov, 2020
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Golden AI
Golden AI edited on 30 Nov, 2020
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Golden AI"Funding autocalculation"
Golden AI edited on 30 Nov, 2020
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Latest funding round date
March 9, 2020
Total funding amount (USD)
23,000,000
Aleksander Holm
Aleksander Holm edited on 30 Nov, 2020
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Description (+141 characters)
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Categories (+1 topics)
Topic thumbnail

Omniscience (company)

Omniscience is an artificial intelligence company providing automated underwriting and risk intelligence services for the insurance industry.

Article

Omniscience is a provider of commercialized distributed data-mining systems designed to provide data research service. The company's system uses open and internal data sources to generate clusters and apply proprietary algorithms to prove accuracy and scalability.

Platform

Omniscience's platform includes an approach to data distribution that allows vast amounts of data to stay intact and a platform that allows the platform to handle large volumes of data. Each piece of data, in the platform, is given its own coordinates. And these data points are tracked for regulatory adherence and to improve the decisions. The platform includes organization specific data ingestion paired with public cloud data.

...

To try and keep the platform accurate, the artificial intelligence and deep learning of the platform removes edge effect distortions. And the platform offers hypothesis testing through a data feedback loop.

Underwriting Automation

The Omniscience underwriting suite is a system designed for underwriting decisions using domain-specific paradigms, such as a life insurance framework. The platform uses machine learning models with specific guidance from users to create an automatic underwriting decision system.

Customer Intelligence

Through their customer intelligence, Omniscience offers users access to relevant customer data and the possibility for extraction for straight-through processing or triage underwriting.

...
Customer Intelligence and Underwriting Automation data visualization.
Computational Insurance

Omniscience have developed their computational insurance platform, which offers automated services, which the company suggests is intended to be humanized. The platform automates data to offer cross-organization mutual-optimization. This includes the data from the customer intelligence and underwriting automation systems, incorporated with an organizations capital risk and optimization, actuarial guidance, and claims optimization profiles. This platform is intended to help automate business decision making while ensuring compliance with business policy and regulatory compliance.

Further reading

Title
Author
Link
Type
Date

Insurance Industry Leaders Make Strategic Investments in Omniscience

Web

March 9, 2020

Infobox
Categories
Timeline

July 31, 2020

Omniscience receives key patent for first use of augmented reality (AR) for the computational enterprise

April 20, 2020

RGAX and Guardian Life join financial investors including Translink Capital and others in a $12 million A round funding.

March 9, 2020

Omniscience announced both RGAX, LLC and Guardian Life Insurance Company of America have made equity investments in the company.

December 10, 2019

Omniscience adds two new executives for the Asian markets. Sakuya Morimoto is VP for Japan and Akihiko Katayama has been named VP for Hong Kong.
Edits on 25 Nov, 2020
Aleksander Holm
Aleksander Holm edited on 25 Nov, 2020
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Charlie Hilton
Charlie Hilton edited on 25 Nov, 2020
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Edits on 16 Nov, 2020
Aleksander Holm
Aleksander Holm edited on 16 Nov, 2020
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Edits on 2 Nov, 2020
Golden AI"Infobox creation from: 2951 El Camino Real Palo Alto, CA 94306 USA"
Golden AI edited on 2 Nov, 2020
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Charlie Hilton
Charlie Hilton edited on 2 Nov, 2020
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Topic thumbnail

Omniscience (company)

Omniscience is an artificial intelligence company providing automated underwriting and risk intelligence services for the insurance industry.

Infobox
Accelerator
Email address
contact@omniscience.com
Full address
2951 El Camino Real Palo Alto, CA 94306 USA
Investors
Phone number
+1.650.600.7288
Edits on 13 Aug, 2020
Edita Rexha"Approved suggestion #902213"
Edita Rexha edited on 13 Aug, 2020
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Edits on 3 Jul, 2019
Julius John Villarisco
Julius John Villarisco approved a suggestion from Golden's AI on 3 Jul, 2019
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Omniscience (company)

Omniscience is an artificial intelligence company providing automated underwriting and risk intelligence services for the insurance industry.

People

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Role
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Julius John Villarisco"Initial topic creation"
Julius John Villarisco created this topic on 3 Jul, 2019
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 Omniscience (company)

Omniscience is an artificial intelligence company providing automated underwriting and risk intelligence services for the insurance industry.

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