Swiss Re has formed a partnership with AI company for digital transformation in the group insurance sector.  

The collaboration will focus on facilitating the adoption of IDP to optimise policy processing workflows for group insurance carriers., an Austrian company established in 2011, specialises in developing solutions that automate time-consuming insurance tasks such as intake, submission and quoting.  

Its IDP tool, SemanticPro, will now be accessible to Swiss Re’s clients, offering a way to expedite the intake process and refine the accuracy and efficiency of preparing quotes and comparing policies. claims that following the deployment of SemanticPro, the tool’s extraction and classification features have decreased review times by up to 30% and enhanced quote precision by 17% compared with traditional manual methods. 

It is anticipated that the implementation of’s solution will enable Swiss Re to enhance support for its insurance clients by minimising quote errors, curtailing customer response times and heightening overall operational efficiencies. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Swiss Re head of group life & LTD reinsurance and vice-president of Americas Chris Howley said: “The insurance industry grapples with legacy systems, manual workflows and siloed data that hinder operational efficiency. We quickly realised that one of the areas where we could add value was in helping our clients adopt automation and integrate AI-driven tools that streamline their processes and increase efficiency.” senior vice-president North America Hans-Peter Riecken said: “We are impressed by Swiss Re’s commitment to facilitating its clients’ access to innovative technologies, and deeply honoured to have been chosen to help them deliver the best value for its clients.  

“It is highly gratifying to see our expertise in the insurance industry recognised by one of the leaders of the sector and we look forward to offering Swiss Re’s clients the same benefits that our own insurance customer base enjoys with SemanticPro.” 

Last month, Swiss Re introduced an updated version of its life & health underwriting manual, Life Guide.  

This enhanced manual now includes the Swiss Re Life Guide Scout, a generative AI-powered underwriting assistant that leverages Microsoft Azure OpenAI Service.  

The assistant is designed to simplify the underwriting process by swiftly providing responses to underwriters’ questions.