Swiss Re case

Swiss Re

pioneers with automated digital insurance offerings in the cloud

Read how Swiss Re uses Microsoft Azure to explore new business models

Traditionally, reinsurance is sold to insurance companies and focuses on portfolio based contracts to cover them against large scale losses like an earthquake. Swiss Re, a leading provider of reinsurance and wholesale insurance, is known as a knowledge company and is looking to further differentiate against its competitors by embracing new digital technologies and creating new business models.

A fully automated digital insurance platform in just 8 months

In recent years Swiss Re has looked for ways to diversify its offerings. As Swiss Re has a strategic partnership with FlightStats, a global provider of real-time flight data, this seemed like a good place to start.

A new offering was built on a fully automated digital insurance platform. Passengers can now purchase a flight and an inexpensive insurance at the same time. If the flight is delayed, cancelled, or diverted, the insured is automatically compensated, often within the hour in contrary to the classic insurance procedure where passengers need to file a claim to be compensated.

Read the full story and discover how Swiss Re:

  • focuses on differentation to access new risk pools
  • establishes a new business model
  • achieves business expansion from new markets

A word from the customer

By using Azure Platform-as-a-Service and relying on best practices we can easily translate this innovative insurance microservice to other scenarios and deploy it worldwide, using parametric insurance models and the power of the cloud.

Alan Wales, Senior Solution Architect for Property and Casualty, Swiss Re