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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 of 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

Designed to encompass the entire compliance process, addressing regulations including Know Your Customer (KYC), Anti Money Laundering (AML), Counter Terrorism Financing (CTF), Screening (Economic Sanctions, PEP) and General Data Protection Regulation (GDPR), while increasing operational efficiencies.

About Black Swan Technologies

BlackSwan Technologies is a SaaS Product company. Its Flagship product ELEMENT is a cognitive operating system that enables rapid development of Enterprise AI-Driven applications. Element is the foundation that can be used by enterprises across multiple industries to build robust AI applications, tools and workflows With hundreds of pre-configured data fetchers, analytical functions, models and user interface components, element makes heavy use of knowledge graphs and a range of Machine Learning techniques to help companies improve outcomes and reduce costs.

BlackSwan ELEMENT is trusted by some of the largest, fastest and most innovative companies in the world.