Swiss Re formed a strategic alliance with Microsoft Corp. that will give it access to some digital tools. Trov said its technology will be used to help manage risk data for a car-share fleet of Tesla Model 3 vehicles.
Swiss Re has formed a strategic alliance with Microsoft Corp., which is providing digital tools for the reinsurer’s new Digital Market Center.
The Digital Market Center is designed to help develop next-generation, large-scale tools to transform the way the insurance industry predicts and manages risks, as well as new product creation, the reinsurer said.
Swiss Re’s Digital Market Center will draw on Microsoft’s next-generation Azure cloud technologies, Internet of Things and artificial intelligence capabilities.
The first areas of application will be connected vehicles and mobility, industrial manufacturing (Industry 4.0), and natural catastrophe resilience, Swiss Re said. The Digital Market Center will also develop innovative cyber platforms to measure business risks in a digital environment, enabling a new class of risk technology products and services.
Trov, an insurance technology company, said its technology will be used to help manage risk data for a car-share fleet of Tesla Model 3 vehicles.
Mobility Transformation, the parent company to Zerology, will use Trov’s Mobility Insurance Platform with its carshare fleet of Tesla Model 3’s in Madison, Wis., where Zerology is headquartered and currently offers ride-hail, car-share and van-pool services to consumers. Trov will use anonymous vehicle data from Zerology’s Tesla fleet to address the complex risk management challenges Zerology faces.
Zerology is a cutting-edge technology company that helps consumers find convenient, eco-friendly ways to get around. The brand is focused on helping growing cities become thriving, sustainable communities by enabling on-demand access to emission-free transportation.
Zerology will use the Trov technology to establish a known risk profile that will enable better risk mitigation and elimination, lower costs, and ultimately shift more resources toward its broader ecological mission.
Sources: Swiss Re, Trov