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Swiss Re and SAS partner to strengthen insurers resilience through AI-driven risk intelligence
['Kane Wells']
News news - Reinsurance News
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.
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.
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.