SHANGHAI, Aug. 5, 2020 /PRNewswire/ — OneConnect Financial Abilities Co., Ltd. (“OneConnect” or the “Firm”) (NYSE: OCFT) and Swiss Reinsurance Firm Ltd. (“Swiss Re”) are becoming a member of forces to co-plan a digital pause-to-pause reply for motor claims handling for the European market, in accordance with artificial intelligence (AI) and developed records analytics .
The two companies will collaborate to introduce OneConnect’s Dapper Claims Technique to Europe. The reply leverages OneConnect’s AI-based report-recognition know-how and Swiss Re’s threat expertise and market know-how. The know-how affords an efficient, fully digitalized provider in seconds for critically improved person journey. Consistent with photos of the vehicle spoil, the reply identifies basically the most sharp repair approach and estimates the label of repair within minutes, offering instantaneous cash payouts and extra products and companies corresponding to directing drivers to a repair storage. Policyholders can earn pleasure from a better, faster and extra clear course of. Insurance coverage corporations contain the good thing about course of effectivity and insights from the evaluation of damages and repairs.
Xiao Jing, Chief Scientist of Ping An Personnel, acknowledged: “Image-based spoil recognition know-how has efficiently enabled Ping An to ease into voice digitalization and automation. This reply enables our possibilities to earn pleasure from touchless voice provider. I’m delighted to opinion this confirmed know-how taken to Europe by OneConnect and Swiss Re.”
OneConnect believes that the cooperation with Swiss Re is a valuable milestone for both occasions, as a joint effort to invent a vehicle owner claims provider platform for European insurance coverage corporations.
OneConnect, an affiliate of Ping An Personnel, is an global-leading know-how provider platform for financial institutions in China. It affords complete pause-to-pause alternate choices for banks, insurers, and funding managers by integrating broad financial products and companies journey with market-leading know-how. The Firm permits possibilities to manage risks, enhance provider quality, make stronger effectivity, enlarge earnings and decrease costs in their digital transformations. As of December 31, 2019, the Firm served 47 global possibilities in 14 markets.
Swiss Re is one in every of the sector’s leading providers of reinsurance, insurance coverage and other sorts of insurance coverage-based threat transfer, working to develop the sector extra resilient. As a key segment of Swiss Re’s strategic enhance plan, the firm is increasing easy and clear digital propositions that aid boost alternate for his or her companions.
Pravina Ladva, Personnel Digital Transformation Officer of Swiss Re acknowledged: “Under the 2 = 1 philosophy we function at increasing original alternate choices that can race the transformation of our alternate in direction of a extra digital world, supporting our ambition to develop insurance coverage extra accessible with frictionless interaction”.
Bi Wei, CEO of OneConnect’s Insurance coverage Division, acknowledged, “This collaboration will most likely be in accordance with Swiss Re’s knowhow and network in Europe and OneConnect’s confirmed know-how. OneConnect is honored to collaborate with Swiss Re to provide our innovation alternate choices to extra possibilities. We contain faded AI alternate choices on sales, threat management, operations and repair. I’m mad that the 2 world-leading insurtech products and companies providers can work collectively to agree with an insurance coverage reply ecosystem within the European market.”
Moreover the Dapper Claims Solution, OneConnect and Swiss Re will uncover collaboration opportunities for other digital insurance coverage alternate choices.
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OneConnect is a leading know-how-as-a-provider platform for financial institutions in China. The Firm’s platform affords cloud-native know-how alternate choices that integrate broad financial products and companies alternate expertise with market-leading know-how. The Firm’s alternate choices provide know-how capabilities and know-how-enabled alternate products and companies to financial institutions. Together they permit the Firm’s possibilities’ digital transformations, which aid them enlarge earnings, living up risks, make stronger effectivity, enhance provider quality and decrease costs.
Our know-how-as-a-provider platform strategically covers a pair of verticals within the financial products and companies alternate, including banking, insurance coverage and asset management, across the chubby scope of their agencies – from sales and marketing and marketing and threat management to customer products and companies, to boot to know-how infrastructure corresponding to records management, program trend, and cloud products and companies.
About Swiss Re
The Swiss Re Personnel is one in every of the sector’s leading providers of reinsurance, insurance coverage and other sorts of insurance coverage-based threat transfer, working to develop the sector extra resilient. It anticipates and manages threat – from pure catastrophes to local climate replace, from increasing old populations to cybercrime. The target of the Swiss Re Personnel is to permit society to thrive and progress, increasing original opportunities and alternate choices for its possibilities. Headquartered in Zurich, Switzerland, where it used to be based in 1863, the Swiss Re Personnel operates through a network of around 80 places of work globally. It is organized into three Industry Devices, each and every with a particular approach and living of targets contributing to the Personnel’s overall mission.