Settlement processes in industrial insurance: AI-supported processing of incoming borderos
The Cosmo Bordero Tool in combination with the Cosmo AI Assistant supports accounting and operations in automating settlement processes.
AI: The second Tipping Point for Industrial Insurance
For the insurance industry, artificial intelligence (AI) offers enormous potential for differentiation in the customer approach and for increasing internal efficiency. However, many Chief Information Officers already have a full to-do list, as the top priority of "digitizing the business" is often still in its infancy. The task now is to bring AI into operational implementation as a second game changer. Can the two go together?
Efficient Quotation Creation in the Insurance Industry: Opportunities through AI
In the insurance industry, creating quotations ranks among the most challenging tasks that brokers and underwriters face daily. These processes demand not only deep...
mgm Cosmo AI Suite: The first AI solution for industrial insurance
The Cosmo AI Suite is a comprehensive collection of tools and applications specifically designed to address AI challenges for industrial insurers and brokers. The components can be combined freely, operated with any insurer and broker software, and accelerate the development of AI solutions.
Efficient risk assessment: the transformative power of low code in underwriting
In this interview with Benjamin Zühr, we explore the important role of enterprise low code in underwriting, particularly for risk assessment and risk management. Enterprise Low Code is now helping to build a flexible and digital IT landscape and find secure, scalable solutions that fit seamlessly into the existing infrastructure.
Roles and responsibilities in the digital transformation of industrial insurance
The digital transformation of industrial insurers and brokers is a process that can take several years from decision-making to successful implementation. A clear definition of roles is of central importance. This article looks at the essential roles within the core team that are vital for success.
Digital Operational Resilience Act (DORA) – ensuring security and resilience in the financial sector
The security of digital systems is of crucial importance for financial and information and communication technology ("ICT") service providers. With the Digital Operational Resilience Act (DORA), a law came into force in January 2023 that regulates the operational resilience of digital systems in the financial and insurance sector. They now have until 17 January 2025 to implement the DORA regulation. This article is intended to help you understand the relevance, impact and requirements of DORA and make the necessary preparations in good time.
Digital Industrial Insurance: Efficient Inventory Processes through a Risk-Based Approach in Data Management
The risk-based approach to storing customer data provides brokers and industrial insurers with an intriguing alternative to the contract-based approach. In this method, risk data is stored at the customer level, independent of individual contracts. This results in a much-improved overall view of all customer risks and accelerates the processing of cross-sector endorsements.
Embedded Insurance: From customer to business partner – the new role of insurers and...
Embedded insurance opens up the opportunity for insurers and brokers to deepen business relationships with commercial and industrial customers and take them to a new level. For the industry, this is an opportunity to develop customers into business partners by offering customized products and services that create competitive advantages. Speed and flexibility in customization are basic requirements.
The customer and risk-centric view: Digitally solved
On the integration of risk management and insurance management in industrial insurance and current digital approaches. Recorded at Event CosmoHub on 15 June 2023.