Swiss Re launches Swiss Re Life Guide Scout, a Generative AI-powered
underwriting assistant

Swiss Re Ltd / Key word(s): Alliance/Market launch
Swiss Re launches Swiss Re Life Guide Scout, a Generative AI-powered
underwriting assistant

22.04.2024 / 11:00 CET/CEST

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  * Swiss Re launches an augmented version of its market-leading
    underwriting manual, Life Guide

  * The new version comes equipped with Swiss Re Life Guide Scout, a
    Generative AI-powered underwriting assistant that aims to help increase
    efficiency and quality of underwriting

Zurich, 22 April 2024 - Swiss Re launches an augmented version of its Life &
Health underwriting manual Life Guide. The new version comes equipped with
Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant,
developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Swiss
Re Life Guide Scout aims to help increase the efficiency and quality of
underwriting by generating swift answers compiled from curated expert
knowledge in response to questions asked by the underwriter in natural
language.

Life & Health insurance underwriting is a complex process that requires
accurate and up-to-date information to assess an insurance applicant's risk.
To make the right decisions, underwriters invest a significant amount of
time to search and review information using standard search tools to
identify relevant sources and facts.

Life Guide, the world's number one Life & Health underwriting manual, helps
clients understand current and future risks, so they can make informed
decisions, and build strong, sustainable portfolios.

The augmented version of Life Guide is now equipped with Swiss Re Life Guide
Scout, a new functionality powered by Generative AI, that supports
underwriters in speeding up risk assessment. Swiss Re Life Guide Scout
allows underwriters to make professional queries, receiving an AI-generated
answer and the source of information, within seconds. This facilitates them
to make faster, more precise decisions and improves knowledge transfer. With
a solid data foundation and advanced analytics capabilities, the integration
of Azure OpenAI Service unlocks deeper insights for improved human decision
making.

Swiss Re Life Guide Scout is launched as a pilot programme in English. A
wider roll-out is planned for later this year.

Julien Descombes, Swiss Re's Chief Underwriting Officer L&H Re, said: 'We
are excited to bring Generative AI to our clients who can now leverage this
new feature to improve their underwriting process. Our ambition is to
provide insurers access to the risk perspective we have built into Life
Guide in an even more efficient and user-friendly way to help them continue
to write sustainable business and deliver on their promises.'

Catrin Hinkel, CEO Microsoft Switzerland, said: 'By integrating Microsoft
Azure OpenAI, Swiss Re can unlock the power of advanced analytics and
Generative AI to provide new capabilities to the insurance market through a
secure, compliant, and reliable cloud environment. This powerful combination
empowers Swiss Re to share their risk insights with clients, transforming
the way they manage risk.'

About Life Guide

Life Guide has continuously ranked the industry's number one global
underwriting manual based on the NMG Consulting study. Its underwriting
philosophy and embedded trainings are backed by Swiss Re experts who monitor
the latest medical, regulatory and technological developments. Packed with
up-to-date information, Life Guide combines medical and underwriting
expertise with analytics and actuarial know-how to deliver confidence to the
decisions clients make. Life Guide helps users understand risks and how they
interact with each other through functionalities like the cardiovascular
risk calculator, which is used, on average, every five seconds by an
underwriter seeking to assess heart disease risk. Every day, thousands of
underwriters in over 100 countries access Life Guide adding up to more than
23 million hits a year.

For further information please contact Swiss Re Media Relations: + 41 (0)43
285 7171 or Media_Relations@Swissre.com.
Please use this link to access Swiss Re's press releases.

Swiss Re
The Swiss Re Group is one of the world's leading providers of reinsurance,
insurance and other forms of insurance-based risk transfer, working to make
the world more resilient. It anticipates and manages risk - from natural
catastrophes to climate change, from ageing populations to cyber crime. The
aim of the Swiss Re Group is to enable society to thrive and progress,
creating new opportunities and solutions for its clients. Headquartered in
Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group
operates through a network of around 80 offices globally.

Cautionary note on forward-looking statements
Certain statements and illustrations contained herein are forward-looking.
These statements (including as to plans, objectives, targets, and trends)
and illustrations provide current expectations of future events based on
certain assumptions and include any statement that does not directly relate
to a historical fact or current fact. Further information on forward looking
statements can be found in the Legal Notice section of Swiss Re's website.


News Source: Swiss Re Ltd


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End of Media Release

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   Language:       English
   Company:        Swiss Re Ltd
                   Mythenquai 50/60
                   8022 Zurich
                   Switzerland
   Phone:          +41 (0) 43 285 71 71
   E-mail:         Media_Relations@swissre.com
   Internet:       www.swissre.com
   ISIN:           CH0126881561
   Valor:          12688156
   Listed:         SIX Swiss Exchange
   EQS News ID:    1885905

End of News EQS News Service
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1885905 22.04.2024 CET/CEST