Global reinsurer Swiss Re and SAS, a global leader in data and AI, have entered into a partnership designed to help insurers strengthen resilience through AI-driven risk intelligence and advanced actuarial decisioning.
The partnership between the two firms reportedly reflects a “broader industry shift” toward insurance operations that combine AI and advanced analytics, catastrophe intelligence and human expertise to support decision-making.
As a member of the SAS Strategic Technology Partner Program, Swiss Re will now combine its CatNet natural catastrophe risk intelligence with SAS Insurance Life Cycle Accelerator, enabling insurers to incorporate predictive hazard insights directly into underwriting, pricing and portfolio management workflows.
As per SAS, the offering will provide insurers with powerful data integration, automated and advanced decision-making, portfolio risk steering, proven operational efficiencies, bottom-line and volume growth, and robust governance and auditability.
According to the firm, these combined capabilities are designed to improve operational efficiency while strengthening profitability and resilience in the face of rising catastrophe exposure.
Stu Bradley, Senior VP for Risk, Fraud and Compliance Solutions at SAS, commented, “Insurers cannot rely solely on historical loss data to understand risk.
“The combination of SAS’ AI and actuarial modelling capabilities with Swiss Re’s catastrophe intelligence will enable insurers to make faster, more transparent and more resilient underwriting and pricing decisions.”
Ali Shahkarami, Head Risk Data Solutions Insurance at Swiss Re, said, “Secondary perils are not secondary in terms of their financial impact. Insurers need the ability to understand how risk is evolving across portfolios and geographies in near-real time.
“Together, Swiss Re and SAS are enabling carriers to integrate catastrophe intelligence directly into underwriting and actuarial decision-making so they can better anticipate risk, close protection gaps and build more sustainable portfolios.”
Franklin Manchester, Principal Global Insurance Advisor at SAS, noted, “The future of the insurance industry will be led by enterprises embracing the concept of ‘new collar.'” Insurance professionals collaborating with AI agents to bring agility to decision-making will be the hallmark of leaders – and the bane of laggards – when the dust settles.”
