AXA XL Leverages AI to Enhance Its Property Risk Engineering Capabilities Using Expert System’s Cogito Platform
As the complexity and breadth of data available to insurers continue to grow, AI will become an increasingly important part of the insurance industry's processes. AXA XL has a history of experimenting with a wide range of cutting-edge technologies to explore what is possible, having worked with several AI start-ups through its Accelerate and Digital teams.
Automating the process of reading site survey reports through natural language processing enables the risk consulting team to expand the breadth of documentation and volume of accounts that can be reviewed, focus risk engineering time on high impact areas, increase its ability to mitigate client site risk, and allow underwriters to decrease their speed-to-quote time. As a result, AXA XL's risk consultants are able to extract the knowledge and insights from 100+ page engineering surveys within minutes.
Corinne Vitrac, Chief Executive Officer of AXA Matrix*, now part of AXA XL, a division of AXA, commented: "In the future, the value of risk consulting will notably reside in its ability to merge numerous quantitative and qualitative risk information from various internal and external sources. That will help us to better assess the risks of our clients and provide even better prevention recommendations. By adopting AI based capabilities,
Regarding the AI project
More information about AI Cogito platform and
*operating in this role as part of the AXA and XL integration project.
About AXA XL
AXA XL provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com
About AXA XL RISK CONSULTING
AXA XL is a division of
About
View original content to download multimedia:http://www.prnewswire.com/news-releases/axa-xl-leverages-ai-to-enhance-its-property-risk-engineering-capabilities-using-expert-systems-cogito-platform-300775375.html
SOURCE
Dems choose Kosierowski as 114th District nominee
Restoration Management Company Launches New Customer Website
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News