Saturday, June 15, 2024

Yanick Even Explains How Data Can Help With Real-Time Payments

In this video, the Head of Digital and Smart Analytics at Swiss Re, Yannick Even, explains how the usage of data collecting can help with Real-Time Payments in parametric insurance. Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer.

“The insurer or the regulator may request proof of loss… for example to take a photo of a building if there has been a flood. So that’s usually where the delay could come in the payout.”

“We are able to give [the claims companies] the rules and the models that enable them to transform these data points that enable them to fast track the payments.”

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