Munich Re is a global reinsurance, primary insurance, and insurance-related risk solutions group. It provides risk transfer, specialty insurance, and services across property & casualty, life & health, and capital markets, serving insurers, corporates, and public-sector clients worldwide.
Think of this as giving an insurance company a super-fast, tireless analyst that can read millions of past policies and claims, learn patterns of risk and fraud, and then help underwriters price policies better, settle claims faster, and spot suspicious behavior automatically.
Think of this as comparing two types of "risk calculators" for insurance: the old, simple one is like a basic spreadsheet formula; the new explainable-AI one is more like a smart assistant that can capture complex patterns but also tells you, in plain terms, why it thinks a customer is high or low risk.
This is like giving every claims handler a super-smart digital assistant that instantly reads claim files, suggests next steps, and highlights risks so claims get resolved faster and more consistently.