Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Munich Re to use artificial intelligence to speed up hurricane payouts

May 01, 2019 Reprints

Germany-based Munich Reinsurance Co. plans to use artificial intelligence to make quick payouts for hurricane-related damage in the Caribbean, Waz.de reported. Joachim Wenning, chief executive of Munich Re, said that an aircraft would fly over damaged areas immediately after a hurricane strike and take high-resolution images. Mr. Wenning said that the reinsurer will use software to analyze the photos and calculate property damage to allow insurers to settle claims quickly.

Help

Munich Re to use artificial intelligence to speed up hurricane payouts

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources