Munich Re declares next-gen AI-powered underwriting answer

Predictor, which powers the answer, can be built-in with different automated Munich Re options like ALLFINANZ, SPARK, and NOVA. By the proposition, the reinsurer handles the end-to-end strategy of AI mannequin improvement, deployment, monitoring, administration, and upkeep. Munich Re will even provide reinsurance on insurance policies underwritten by these AI fashions as an elective service to additional assist insurers and supply alignment of curiosity and peace of thoughts.