www.majesco.com Open in urlscan Pro
45.223.166.158 Public Scan

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Submitted URL:
http://losscontrol360.com/
Effective URL:
https://www.majesco.com/press/loss-control-360-adds-new-ai-capabilities-to-saas-platform/
Submission Tags: tranco_l324
Submission: On May 18 via api (May 18th 2024, 6:56:10 am UTC) from DE — Scanned from DE

Form analysis
9 forms found in the DOM

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<form><input type="checkbox" id="CybotCookiebotDialogBodyLevelButtonNecessaryInline" class="CybotCookiebotDialogBodyLevelButton CybotCookiebotDialogBodyLevelButtonDisabled" disabled="disabled" checked="checked"> <span
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<form><input type="checkbox" id="CybotCookiebotDialogBodyLevelButtonPreferencesInline" class="CybotCookiebotDialogBodyLevelButton CybotCookiebotDialogBodyLevelConsentCheckbox" data-target="CybotCookiebotDialogBodyLevelButtonPreferences"
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<form><input type="checkbox" id="CybotCookiebotDialogBodyLevelButtonStatisticsInline" class="CybotCookiebotDialogBodyLevelButton CybotCookiebotDialogBodyLevelConsentCheckbox" data-target="CybotCookiebotDialogBodyLevelButtonStatistics"
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<form><input type="checkbox" id="CybotCookiebotDialogBodyLevelButtonMarketingInline" class="CybotCookiebotDialogBodyLevelButton CybotCookiebotDialogBodyLevelConsentCheckbox" data-target="CybotCookiebotDialogBodyLevelButtonMarketing" checked="checked"
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<form class="CybotCookiebotDialogBodyLevelButtonSliderWrapper"><input type="checkbox" id="CybotCookiebotDialogBodyContentCheckboxPersonalInformation" class="CybotCookiebotDialogBodyLevelButton"> <span
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GET https://www.majesco.com/

<form method="get" id="searchform" action="https://www.majesco.com/" role="search">
  <label class="sr-only" for="s">Search</label>
  <div class="input-group">
    <span class="input-group-text radix-magnifying-glass"></span>
    <input class="field form-control" id="s" name="s" type="text" placeholder="What are you looking for?" value="">
    <span class="input-group-append">
      <button type="submit" class="submit btn btn-transparent" id="searchsubmit" name="submit">
        <span class="screen-reader-text">Search</span><span class="radix-arrow-right"></span></button>
    </span>
  </div>
</form>

https://www.majesco.com/

<form class="mega-search mega-search-open" role="search" action="https://www.majesco.com/">
  <span class="dashicons dashicons-search search-icon"></span>
  <input type="submit" value="Search">
  <input type="text" aria-label="Search" data-placeholder="Search" placeholder="Search" name="s">
</form>

POST /press/loss-control-360-adds-new-ai-capabilities-to-saas-platform/

<form method="post" enctype="multipart/form-data" id="gform_6" class="blog-newsletter-form" action="/press/loss-control-360-adds-new-ai-capabilities-to-saas-platform/" data-formid="6" novalidate="">
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        <div class="ginput_container ginput_container_email">
          <input name="input_1" id="input_6_1" type="email" value="" class="large" placeholder="Email Address" aria-required="true" aria-invalid="false">
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            <div><iframe title="reCAPTCHA" width="304" height="78" role="presentation" name="a-blpgj1ticqvg" frameborder="0" scrolling="no"
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  </div>
  <div class="gform_footer top_label"> <input type="submit" id="gform_submit_button_6" class="gform_button button" value="Sign Me Up"
      onclick="if(window[&quot;gf_submitting_6&quot;]){return false;}  if( !jQuery(&quot;#gform_6&quot;)[0].checkValidity || jQuery(&quot;#gform_6&quot;)[0].checkValidity()){window[&quot;gf_submitting_6&quot;]=true;}  "
      onkeypress="if( event.keyCode == 13 ){ if(window[&quot;gf_submitting_6&quot;]){return false;} if( !jQuery(&quot;#gform_6&quot;)[0].checkValidity || jQuery(&quot;#gform_6&quot;)[0].checkValidity()){window[&quot;gf_submitting_6&quot;]=true;}  jQuery(&quot;#gform_6&quot;).trigger(&quot;submit&quot;,[true]); }">
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  </div>
</form>

Text Content

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LOSS CONTROL 360 ADDS NEW AI CAPABILITIES TO SAAS PLATFORM

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PRESS RELEASE

BUFFALO, NY, March 25, 2021 Utilant, an InsurTech leader providing the
industry’s best-in-class Survey Management SaaS Product Suite for Loss Control
and Premium Audit surveys, has released new AI capabilities for taking action on
survey data within the Loss Control 360 (LC360) platform. Real-Time Photo and
Video Analysis Carriers and vendors using Utilant’s self-survey module or Guide
Stream 360 (video-guided surveys) can utilize machine learning technologies to
automatically label, hazard score and upload images into Loss Control 360. Using
state-of-the-art computer vision systems, Utilant has begun to leverage a
growing database of over 200 million photos to train its machine learning
platform to automatically label photos and video in real-time. Some of the items
AI can identify and automatically label, hazard score, and generate
recommendations on from videos of commercial and residential properties include:
* Sprinklers
* Fire Extinguishers
* Ventilation Hoods
* Hot Water Boilers
* Electrical Panels
* A/C Compressors
* Heating Systems
* Commercial Stoves
* Pools
* Water Supply Lines
* Roof Condition

Real-Time AI Hazard Detections After a photo has been labeled, Utilant’s Risk
Alerts will analyze the photo further to identify any potential hazards in
real-time. This feature improves the accuracy of surveys and acts as a “second
set of eyes” to ensure critical hazards, such as missing sprinklers and
railings, non-braided hoses, Federal Pacific “Stab Lok” panels, trip and fall
hazards, and other issues aren’t being overlooked. Real-Time Text Extraction to
Identify Equipment Recalls Using optical character recognition, Utilant’s AI can
also extract text from inspection tags on fire extinguishing systems, nameplates
on appliances, maintenance records, etc., from videos and photos. This
information can then be cross-referenced to recall and equipment list databases
to identify any recalls or potential issues in real-time. AI Impact on Loss
Control Workflow Market shifts toward desktop reviews, self-surveys, and
third-party data sources have increased the volume, variety, and velocity at
which data is accumulated. Equipping non-experts with survey collection tools
allow more risks to be reviewed. These external data sources are a rich source
for AI-driven data mining that otherwise would have been humanly impossible or
cost-prohibitive to collect or review in a timely manner. AI enables data
analysis for quality and accuracy, taking the increased burden of data
validation off of subject matter experts. Making Loss control personnel more
efficient and reducing losses is the ultimate goal of the LC360 SaaS platform.
LC360’s AI creates a standardization and uniformity of collected data from
disparate sources by tagging and labeling photos with the same standards as an
onsite loss control person. Applying AI to the data gathered through virtual
tools is the safeguard that allows potential problems to be identified and
flagged for subject matter experts to follow up on.

IN A RECENT STUDY CONDUCTED BY UTILANT, LOSS CONTROL 360‘S AI TECHNOLOGY REDUCED
THE TIME IT TAKES TO REVIEW EXTERNAL DATA SOURCES FROM POLICYHOLDERS, AGENTS,
AND BROKERS BY 50%.

Loss Control personnel can now spend less time identifying and tagging items
such as appliances and aging or recalled equipment while allowing the system to
leverage their subject matter expertise as the criteria used for risk and hazard
evaluation. “Advanced AI and machine learning are allowing carriers and vendors
to analyze data right at the source and take immediate action,’’ said Pat Davis,
CEO at Utilant. “By identifying hazards and providing recommendations as data is
collected, carriers and vendors can now create more value by proactively
addressing issues and providing recommendations in real-time.’’ Read the
release:
https://www.prweb.com/releases/loss_control_360_adds_new_ai_capabilities_to_saas_platform/prweb17819256.htm
About Utilant and Loss Control 360 Utilant is an InsurTech leader providing the
industry’s best-in-class Survey Management SaaS Product Suite for Loss Control
and Premium Audit surveys. Utilant’s Loss Control 360 platform drives predictive
risk insights with intelligent loss control solutions for Property & Casualty
Insurance Carriers and Top Risk Engineering Companies. The Loss Control 360
platform leverages the world’s largest repository of survey data, coupled with a
suite of work-flow tools designed to inform smarter underwriting decisions. A
typical implementation provides positive ROI within the first year. For more
information visit www.losscontrol360.com.

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