Omniscience
Omniscience provides a decisioning platform that combines applied mathematics, systems engineering, and distributed programming to analyze all available data without approximations, enabling complex decisions up to 1000 times faster than traditional methods. The company's first software suite automates life insurance underwriting for large insurers and reinsurers, replicating expert decision-maker workflows in software.
- Insurance Technology
- Financial Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Businesses face rapidly shifting and growing complexity that makes high-stakes decisions increasingly difficult. Traditional big data solutions fail to deliver the speed and accuracy needed to navigate this complexity, especially when decisions carry significant financial or operational consequences.
Solution
Omniscience combines advances in applied mathematics, systems engineering, distributed programming and advanced algorithms to make high-fidelity, high-stakes decisions. The platform analyzes all available data on a problem without making approximations, enabling decisions that are up to 1000 times faster than traditional approaches. This capability allows organizations to replicate the expertise of skilled decision makers such as underwriters, quants, risk managers, data scientists and forecasters in software. Businesses use the software to understand and seek new risks, capture new markets, and make high-impact decisions at lower cost with full regulatory compliance. The company's first software suite automates life insurance underwriting for large insurers and reinsurers, with additional applications planned for other complex decisioning domains.
Target Audience
Large insurers and reinsurers seeking automated underwriting, along with enterprises in capital-intensive sectors that must make high-stakes decisions amid rapidly shifting complexity.
Features
- Hyperefficient decision engine that analyzes all data on a problem with no approximations, ensuring high-fidelity outcomes
- Proprietary algorithms that accelerate complex decisions by 1000x or more compared to conventional methods
- Software replication of expert decision-maker workflows, enabling automation of underwriting, risk management and forecasting functions
- Distributed programming architecture designed for scalable, high-performance computation across complex datasets
- Modular software suite adaptable to multiple industries, beginning with life insurance underwriting automation