AI for Contract Clarity
Verification pendingby Swiss Re
Swiss Re is utilizing AI to enhance contract clarity, accelerate wording reviews, and improve contract management throughout the lifecycle of its in-force business. By deploying AI tools, Swiss Re aims to improve how contract wordings are reviewed, understood, and managed, adding value to its core businesses. The AI capabilities include conversational AI for intuitive querying of contracts and GenAI-enabled analytics for identifying wording patterns, supporting proactive management of business and portfolio exposures.
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Business context
- Purpose of use
Enhance contract clarity, accelerate wording reviews, and improve contract management.
- Value chain steps
- Underwriting and risk assessmentPortfolio administration
- Insurance branches
- Non-life reinsurance
- Application scope
- Internal only
- Business criticality
- Business critical
Value and impact
- Added value category
- Efficiency gainQuality improvement
Technical details
- AI category
- Machine learning and predictive analyticsConversational AI
Compliance and governance
- EU AI Act risk category
- Minimal risk
- EU AI Act role
- Deployer
- Relevant policies
- Swiss Federal Act on Data ProtectionFINMA guidelines
Metadata
- Development type
- Scaled application
Community
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