Managing the data intersection between core and policy admin systems, software such as underwriting, counter-fraud, claims and supply management and the data warehouse and lake projects that seem to take ages and always miss parts of the business, seems to be the driver of this new partnership.
With $9BN of legacy insurance acquired from Lloyds (26 deals) , $6.4BN under live management, claims of $7BN paid out since 2010 RiverStone International must have massive data hidden as unstructured data in many silos.
If they chose Aiimi Ltd to solve the challenge with its data automation tools I can only suggest that it is a credible answer for commercial and personal lines insurers, MGAs, brokers, and reinsurers.
Aiimi also has data scientists and engineers on tap plus practical experience in allowing its customers to find the right use cases for GenAI, LLMs, SLMs, and other AI tools and avoid the many challenges posed.
I did attend an event with Aiimi at its Milton Keynes HQ where Bernard Marr was the key speaker so I might have rosy spectacles. Talking to customers like Jaguar Land Rover, the FCA, and Liberty Manual I am sure that is not the case.
I suggest you explore what Aiimi can do for you.
AI company Aiimi has announced its partnership with RiverStone International – a leading global acquirer and reinsurer of legacy and discontinued insurance business – to manage and unlock valuable insights across the firm’s vast data estate.
https://insurance-edge.net/2024/08/22/aiimi-teams-up-with-riverstone-on-data-management/
