Peak3, a global supplier of digital and AI-powered software for insurers, has launched Graphene Harness, which it describes as the first global AI-driven delivery lifecycle (AI-DLC) for the insurance sector.

The company says the technology is already cutting the cost and time required to build, implement and maintain insurance technology by 50%, with an ambition to reach an 80% reduction over the next 18 to 36 months.

Rather than positioning Graphene Harness as another coding assistant, Peak3 is pitching it as a virtual technology delivery team. The platform uses AI across the full software lifecycle, covering business analysis, architecture, engineering, testing, migration, deployment and ongoing maintenance.

Peak3 said customers are already seeing a 50% reduction in end-to-end costs for new feature development and core system implementation. The longer-term goal is to reduce those costs by as much as 80% as the AI-DLC matures.

The company has captured the expertise of business analysts, architects, engineers, testers and reviewers, creating digital AI equivalents of each role and connecting them within a single governed delivery environment.

The launch comes alongside Graphene v4, the latest version of Peak3’s AI-native insurance core platform. The update includes stronger agent orchestration and runtime capabilities, improved agent interfaces and a marketplace of ready-made AI agents.

The combined technology is designed to help insurers build, deploy, monitor and govern AI across life, health and P&C insurance.

Pre-built agents can handle tasks including medical underwriting, conversational first notice of loss (FNOL), intelligent document processing, and fraud, waste and abuse detection in claims.

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