Reinsurance News

Swiss Re exploring use of AI-driven automation tool

7th August 2019 - Author: Staff Writer

Global reinsurer Swiss Re is working with computer software firm Expert System as it looks to harness Artificial Intelligence in the automation of tasks such as assessing risk reports or claims evaluation.

techExpert System says its AI-driven tool ‘Cogito’ applies human-like comprehension to make information access easier as well as faster and more accurate.

It’s hoped the partnership will enable Swiss Re to empower its digital and analytics strategy throughout the entire value chain.

“Cogito allows us to reduce the time to production. Thanks to its out-of-the-box capability to understand natural language based on a unique knowledge graph, we have easily internalized and integrated natural language understanding into our ecosystem,” said Michael Foehner, Head Digital and Smart Analytics at Swiss Re.

Marco Varone, President of Expert System, added, “We are proud to work with Swiss Re and we look forward to continue successfully delivering productive and adopted solutions together.”

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“Cogito’s market-proven offering helps Insurers and Reinsurers advance their business strategies, by leveraging our unique and extensive experience in the industry.”

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