Digitalisation could cause up to 8 percentage point reduction in loss ratios: Swiss Re
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Digitalisation could cause up to 8 percentage point reduction in loss ratios: Swiss Re

Abbie Day
11 October 2023
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Digital transformation could cut 3 to 8 percentage points in loss ratios according to Swiss Re’s latest sigma report.

The report stated that digital technology allows insurers to gather and process large sets of data using connected devices, data analytics and machine learning, which can make for more holistic and accurate risk assessments and better pricing of risks.

Furthermore,...

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