CALI signs up AI insurtech as first ‘Life Partner’
The Council of Australian Life Insurers (CALI) has confirmed EvolutionIQ, a claims technology developer specialising in artificial intelligence (AI) systems, as the first company to join its corporate partner program.
The US-headquartered EvolutionIQ builds dedicated AI systems for insurers to improve and expedite claims processes and assessments, as well as protect against fraud.
The insurtech has expanded significantly since 2019, CALI notes, signing deals with major insurance carriers including Sun Life, Reliance Matrix and Principal Financial.
EvolutionIQ co-chief executive Mike Saltzman said membership of the partner program would enable the insurtech to “specialise our products to meet the dynamic needs of the Australian markets”.
CALI chief executive Christine Cupitt said she was pleased to welcome the insurtech as its inaugural Life Partner, noting the program “plays an important role in connecting our members to the latest innovators… that can move their businesses forward”.
“CALI Life Partners share the industry’s mission to make life insurance accessible, understandable and trusted.
“They are companies that support Australian life insurers to help Australians and their families have peace of mind about their future so they can live in the most healthy, confident and secure way,” CALI says.
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