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Property and Casualty Insurers

New, diverse data sources and AI are working together to transform the field of property and casualty (P&C) insurance. Chatbots provide ways to automate and standardize the information obtained from customers, while optical character recognition (OCR) technologies instantly translate the myriad forms into structured data. This implies customers now have easier ways to inquire about and buy insurance, as well as work through the painstaking process of filing claims. At the same time, algorithms have instant access to the relevant data are able to consume these vast and diverse sources and provide underwriters with more granular segmentations of risk and more accurate predictions of claims.

Cyber Underwriting and Threat Intelligence

By continuously monitoring cyber events, and understanding the risks associated with existing and potential clientele, this application quantifies cyber risk, potential attack vectors, and offers mitigation plans

Underwriting

This application covers the entire underwriting process from identifying and quantifying the risks and exposure associated with potential clients, through negotiating with the customer on coverage cost, to analyzing complete markets, and beyond

ELEMENT™ of Compliance

Delivering an end-to-end financial crimes compliance process and leveraging advanced AI, this application addresses requirements for Know Your Customer, Anti-Money Laundering, Anti-Fraud, Watchlist Screening, Adverse Media Monitoring, and Transaction Monitoring & Intelligence, while dramatically increasing operational efficiencies.

About BlackSwan Technologies

BlackSwan Technologies is reinventing enterprise software through Agile Intelligence for the Enterprise – a fusion of data, artificial intelligence, and cloud technologies that provides unparalleled business value. Our multi-tiered enterprise offerings include the award-winning platform-as-a-service, ELEMENT™, which enables organizations to build enterprise AI applications at scale for any domain quickly and at a fraction of the cost of alternatives. BlackSwan and its global partners also provide industry-proven applications that are ready-made and fully customisable for rapid ROI. These offerings are generating billions of dollars in economic value through digital transformation at renowned global brands. The private company maintains gravity centers in the UK, Europe, Israel, the US, and Sri Lanka.