Expert System today announced that it is one of the founding members of the newly created Italian Insurtech Association (IIA), a non-profit that brings together insurance companies and brokers, banks and financial intermediaries and technology and service providers to promote the development of the digital insurance market.
Today’s customers expect to access insurance services in an immediate, secure and multi-channel way, at any time and from anywhere in the world. Italians are some of the world’s biggest users of digital services, presenting a significant growth opportunity for the Italian insurance industry to accelerate innovation through service models offered to customers and by increasing investments in line with new consumer trends.
The Italian Insurtech Association (IIA) was founded with this objective in mind. It will offer technical training and the opportunity to share technology best practices and synergies among members comparison with national and international institutions . Its mission is to “Enable Insurtech Ecosystems,” and it will work with the Global Insurtech Association, an international network of associations, of which IIA is a member.
Under the mission to “Enable Insurtech Ecosystems,” the IIA will offer technical training and the opportunity to share technology best practices and synergies among members. The association will work closely with the Global Insurtech Association, an international network of associations, of which IIA is a member.
“We are proud to be part of IIA, whose creation serves as an important sign for how innovation and collaboration can create the ecosystem needed in Italy to redesign the insurance sector to ensure that it stays in step with the increasingly challenging needs of users,” commented Pamela Negosanti, Global VP of Insurance, Expert System.
The founding members of the IIA—10 managers and companies in the insurance industry—were joined by partners, both entrepreneurs and businesses in the insurtech industry, such as Swiss Re, EY, BNP Paribas, Net Insurance, Expert System and others.
The Cogito® artificial intelligence technology is used in several areas of the insurance industry, including for Claims Management, Underwriting and Risk Engineering, to extend “intelligent” automation and capacity in processes based on understanding unstructured information to improve productivity and customer service. Expert System works with some of the world’s largest insurance and reinsurance companies, including Zurich Insurance Group, AXA XL, Lloyd’s of London and Swiss Re.