Specialty insurer and reinsurer Canopius AG has entered into a partnership with artificial intelligence (AI) and deep-learning property analytics start-up, Arturo.
According to an announcement on the new arrangement, Arturo’s deep-learning property analysis capability will be integrated into Canopius.
The integration is expected to provide the re/insurer with physical property characteristic and predictive analytics, ultimately enabling informed and differentiated pricing decisions at the point of underwriting.
Canopius’ Chief Digital Officer, Marek Shafer, said: “Arturo’s, AI-powered image analytics capability is hugely impressive. Canopius is excited to be harnessing this pioneering technology, which will help to fine-tune our risk selection process and improve point-of-sale underwriting.”
John-Isaac Clark, Chief Executive Officer (CEO) of Arturo, commented: “Arturo was built from the ground up within American Family Insurance and we deeply understand the specific challenges our insurance customers are trying to solve.
“We are incredibly excited to announce our relationship with Canopius and looking forward to working together to further enhance our product to meet their current and future needs.”