Swiss Re Group chooses Expert System
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer. It anticipates and manages risk—from natural catastrophes to climate change, from aging populations to cybercrime. Its aim is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of roughly 80 offices globally.
Swiss Re has been working with Expert System, leveraging the advanced features of Cogito, a strategic NLU (natural language understanding) technology. With Expert System's AI-driven approach, which focuses on deep knowledge understanding and data accuracy, Swiss Re will empower its digital and analytics strategy throughout the entire value chain. Leveraging an AI-driven approach that targets deep knowledge understanding and data accuracy, Swiss Re has been achieving greater efficiency by automating tasks such as assessing risk reports or evaluating claims evaluation.
Expert System’s Cogito technology applies human-like comprehension to make information access easier as well as faster and more accurate. The flagship platform, based on a blend of semantic technology and machine learning, helps organizations deploy cognitive automation to accelerate business processes, improve information management and make smarter decisions.
By allowing insurers and reinsurers to automatically read and precisely process vast quantities of data in a fraction of the time it would otherwise take, the product increases efficiency in strategic activities, such as claims processing and underwriting.
“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 Micheal Foehner, head digital and smart analytics at Swiss Re.
For more information visit www.expertsystem.com and www.swissre.com.