Zurich Insurance Group has unveiled Zurich Program IQ, an innovative AI-powered tool tailored for multinational businesses navigating complex insurance landscapes. This advanced solution enhances contract certainty by evaluating insurance programs across various regions, jurisdictions, languages, and currencies. According to Sierra Signorelli, CEO of Commercial Insurance, this tool significantly improves clarity and consistency, allowing for a meticulous review of policy wording globally, thus bolstering client confidence. By analyzing sublimits and discrepancies between local and master policies, Zurich Program IQ identifies potential risks and coverage gaps, promoting operational efficiency. Early detection enables prompt corrective action, ensuring clients receive the expected coverage. Currently focused on natural catastrophe property coverage, the tool will expand its analysis to other areas, further establishing Zurich’s commitment to InsurTech and data-driven solutions in the insurance sector. This significant step forward reinforces Zurich’s role in enhancing global insurance operations and managing risks effectively.
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