Hexaware Shares Rise on New Google Cloud-Backed Insurance Solutions

Hexaware Technologies, a tech company, announced new tools for the insurance business that work with Google Cloud.

These tools are designed to make insurance claims and creating new insurance products faster and smarter.

One tool, called 'ParaClaims,' uses information from satellites and weather data to automatically process insurance claims for things like natural disasters.

It uses smart computer programs to speed up the process from weeks to just hours.

This is part of Hexaware's ongoing work with Google to bring new technology to the insurance industry.