Swiss Re - Enterprise Tech Ecosystem Series

Swiss Re - Enterprise Tech Ecosystem Series

Summary

This report provides insight into Swiss Re's insurtech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and its estimated ICT budget.

Swiss Re provides wholesale reinsurance, insurance, and risk transfer solutions. The company provides reinsurance products for casualty, property, aviation, agriculture, trade credit, surety, political risk, life and health, engineering, and marine. It offers commercial insurance solutions such as accident and health insurance, cyber insurance, financial and professional liability insurance, and property and business interruption insurance. Swiss Re also acquires and manages open and closed life and health insurance books. The company serves stock and mutual insurance companies, mid-to-large-sized corporations, governmental entities, and the public sector. It operates through a network of brokers and offices across the Americas, Asia, the Middle East and Africa, and Europe. Swiss Re’s headquarters are in Zurich, Switzerland.

Scope

• Swiss Re has been moving its traditional IT infrastructure to cloud infrastructure using the Microsoft Azure platform. It has also moved its financial systems to the SAP platform and is pushing them onto the cloud to improve performance, optimize costs, and enhance flexibility.
• Swiss Re has set up a robust data strategy to analyse the huge volumes of data that it captures to derive meaningful insights and streamline the underwriting process. The company has been using advanced analytics and applying artificial intelligence, machine learning, and cognitive computing to all aspects of its businesses.
• Swiss Re has taken the automation route to improve its operational efficiency and reduce time spent on repetitive tasks. For instance, its Magnum Pure and Magnum Go automated underwriting solutions for life and health enable faster and more efficient underwriting decisions.

• Gain insight into Swiss Re's insurtech operations.
• Discover its fintech strategies and innovation initiatives.
• Learn about its product launches, partnerships, and investments.