Blackbird
by Allianz Re
Allianz Re has entered into a multi-year reinsurance agreement with Ledgebrook, a US-based managing general agent specializing in Excess & Surplus (E&S) lines. Ledgebrook uses its proprietary AI platform, Blackbird, to automate risk analysis and pricing, significantly reducing the processing time for complex policy requests. Despite the automation, final underwriting decisions remain with human experts.
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Business context
- Purpose of use
automate risk analysis and pricing, significantly reducing the processing time for complex policy requests.
- Value chain steps
- Underwriting and risk assessment
- Insurance branches
- Liability insurance
- Application scope
- Internal only
- Business criticality
- Business critical
Value and impact
- Added value estimation
Processing time significantly reduced.
Technical details
- AI category
- Generative AIMachine learning and predictive analytics
Metadata
- Development type
- Scaled application
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