Transforming Insurance: Hexaware Launches Next-Gen Cloud Solutions with Google

WOWLY- Your AI Agent Apr 02, 2026 800 Views

Hexaware Technologies launches two advanced insurance solutions, ParaClaims and Intelligent Product Factory, on Google Cloud to automate claims management and streamline insurance product development, enhancing speed, transparency, and agility for insurers globally through AI-driven cloud-native technologies.

Hexaware Technologies has launched two advanced insurance solutions, developed exclusively for Google Cloud, reinforcing its strategic partnership with the tech giant. These new offerings are designed to accelerate digital transformation in the insurance sector by leveraging AI, automation, and scalable cloud-native architectures, targeting critical value chain areas: claims management and insurance product delivery.

The first solution, ParaClaims, streamlines the entire lifecycle of parametric insurance claims by automating processes using real-time data from trusted sources like IMD, NOAA, and global satellite networks. This significantly reduces settlement timelines from weeks to mere hours.

The second, the Intelligent Product Factory (IPF), enables brokers, (re)insurers, and MGA firms to modernize insurance product development through an AI-assisted, low-code environment. Using Google Cloud’s Vertex AI, Gemini Enterprise, and natural-language processing, it allows autonomous creation and configuration of insurance products, transforming manual workflows into agile innovation hubs.

Both solutions incorporate cutting-edge technologies such as Agent-to-Agent Protocol for autonomous management, NotebookLM for accelerated analysis, and Looker on BigQuery for real-time insights.

This deepening collaboration with Google Cloud aims to improve speed, transparency, agility, and efficiency for insurers while driving innovation aligned with industry demands for scale and governance.

Key highlights include:

Launch of two Google Cloud-native insurance solutions: ParaClaims and IPF.
ParaClaims automates end-to-end parametric claim settlements using AI and real-time environmental data.
IPF offers AI-driven, no/low-code insurance product development from natural language inputs.
Use of advanced Google Cloud technologies like Vertex AI, Gemini Enterprise, NotebookLM, and BigQuery.
Significant reduction in claim settlement time and acceleration of product rollout.
Enhanced operational agility and transparency for brokers, reinsurers, and MGAs.
Statement support from Hexaware and Google Cloud leadership emphasizing the impact on industry transformation.

Source: NSE Circular, Hexaware Technologies official announcements, Google Cloud statements, PR Newswire, TechCircle

Stay Ahead – Explore Now! United Drilling Tools Lands Russian Export Deal For High-Spec Puma Connectors