Aditya Birla Sun Life Insurance (ABSLI) has deployed an artificial intelligence/machine learning (AI/ML) driven underwriting platform in collaboration with Artivatic.ai - a RenewBuy company. This AI/ML platform will enable the company take underwriting decisions based on data analysis. The platform uses `AUSIS', an intelligent engine developed by Artivatic.ai. which uses machine learning and predictive analytics to analyse large datasets efficiently. It merges traditional underwriting principles with advanced algorithms, allowing the insurer to make informed and efficient underwriting decisions, resulting in faster policy issuance. The platform gives the underwriter a 360-degree view of the prospect and underwriting decision recommendations with scores and detailed insights. The platform also has fraud detection features. Kamlesh Rao, MD & CEO, Aditya Birla Sun Life said, "Our aim is to leverage the digital ecosystem for seamless and efficient insurance coverage. Platforms like AUSIS provide holistic customer views, aiding in selecting the right customers at the right price. In a digital world, risk and fraud mitigation are paramount, and Artivatic.ai has effectively addressed these aspects through this platform". Layak Singh Co-founder and CEO of Artivatic.ai said, "The platform can configure rules and guidelines to make decisions. Its pre-trained models are integrated with capabilities to digitise data and the ability to fetch multiple public information like Air Quality Index, and disease prevalence through APIs". These abilities help in enriching digital data and improve risk assessment and underwriting decisions with faster processing, Singh said. The platform's risk assessment is expected to provide deeper insights into applicant profiles, helping insurers make better-informed underwriting decisions. The ABSLI-Artivatic.ai collaboration is believed to use an AI-based smart underwriting platform and will improve efficiency, accuracy and risk assessment in the insurance industry, according to insights from an official release.