A Denver company that utilizes automated artificial intelligence for insurance underwriting assistance says that Microsoft Corp. is making an investment in the company.
Flyreel, which uses artificial intelligence to assist in underwriting for commercial and residential properties, said in a statement that "Microsoft is investing resources and expertise to accelerate Flyreel's go-to-market strategy."
Flyreel didn't specify how much money Microsoft (Nasdaq: MSFT) is investing in the company.
"So many of our insurance industry clients have been asking for this kind of intelligent, automated solution to help them cut costs, improve operational efficiency, and increase customer satisfaction and retention. But, we've been unable to find one — until now," said Colin McClive, director, US Insurance Industry at Microsoft, in a statement.
Read more at the Denver Business Journal: http://bit.ly/2Crot8A
