Through the strategic agreement, Swiss Re's clients will have faster intake times, better quote preparation, and more efficient policy comparisons thanks to Cortical.io's IDP solution, SemanticPro.

When compared to manual procedures, the offering's intelligent extraction and categorization capabilities have demonstrated notable benefits in decreasing review time and raising quotation accuracy.

Through this partnership, Swiss Re will be able to optimize processes for processing insurance policies, lower mistakes, accelerate response times, and improve operational efficiency, all of which will improve service to its insurance clients.

According to Chris Howley, Vice President, Americas & Head of Group Life & LTD Reinsurance at Swiss Re, "The insurance industry struggles with manual workflows, legacy systems, and siloed data that hinder operational efficiency." We soon came to the conclusion that one area in which we might be of assistance to our clients was in the adoption of automation and the integration of AI-driven products that improve productivity and simplify their operations. Cortical.io stands out among the IDP suppliers we looked at because of its no-code interface and accuracy in processing complicated provisions. Through our partnership, I hope to help our clients succeed in their businesses.

"We are impressed by Swiss Re's commitment to facilitating its clients' access to innovative technologies, and deeply honored to have been chosen to help them deliver the best value for its clients," said Hans-Peter Riecken, SVP North America at Cortical.io. We are thrilled that one of the industry's top players has acknowledged our insurance industry knowledge, and we can't wait to provide Swiss Re's clients with the same advantages that Cortical.io SemanticPro offers our own insurance clientele.