Swiss Re’s Beijing branch has partnered with Tencent-backed WeBank to research the applications of AI in the reinsurance industry. The research will focus specifically on federated learning and how it can be used to solve the inefficiency of data silos. In a recent interview, CEO Michael Schaller said that he believes blockchain is going to play an important role for insurers moving forward.
Swiss Re’s Beijing branch has partnered with Tencent-backed WeBank to research the applications of AI in the reinsurance industry. The research will focus specifically on federated learning and how it can be used to solve the inefficiency of data silos. Previously, data silos were only accessible by one party at a time, which wastes resources and limits productivity.