Artemis ILS NYC 2020

Menu

Reinsurance News

Allianz Global Corporate & Specialty partners with insurtech Praedicat

28th November 2018 - Author: Charlie Wood

The Allianz corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is partnering with insurtech analytics firm Praedicat to give policyholders access to ChemMeta, a software solution delivering science and regulatory risk analytics for industrial companies.

ChemMeta leverages natural language processing and machine learning to “read” and convert high volumes of toxicology and environmental health literature into actionable information for clients.

The software is designed to facilitate science-based decision making for several critical chemical business functions including horizon scanning, research and development, product formulation and substitution, and regulatory affairs.

“By offering access to ChemMeta in combination with our product liability policies, we help clients maximize the overall safety of their products and production processes, striking the right balance between innovation and risk,” explained Hartmut Mai, Chief Underwriting Officer, AGCS.

“Those opting to use ChemMeta will better understand which substances are more likely to cause negative impact on human health and wellbeing or trigger regulatory action in the future, helping them to look around the corner.”

“This is another example of enriching our product offering with strategic risk management services that can prevent or mitigate potential losses.”

Robert Reville, Chief Executive Officer of Praedicat, added, “Today’s science is tomorrow’s regulatory action and ChemMeta uses both AI and machine learning to scan, analyze and synthesize data from millions of peer-reviewed scientific journals to identify product risk.”

“The early warning provided by mining technical literature at scale allows companies to make proactive product decisions.”

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
Protectionism a “lose-lose situation”: Swiss Re’s Jerome Haegeli

Protectionism is a “lose-lose situation” and its impact on both global reinsurance players and policyholders alike is not positive, according...

Close