The focus of the Insurtech Hub Munich (ITHM) is focusing this year on its Scale AI programs, which are dedicated to scaling AI for insurance companies. The goal is to help the insurance industry strategically integrate AI technology, move beyond proof of concepts, and establish end-to-end processes. This includes aspects such as navigating complex regulations and attracting qualified talent.
Overcoming AI challenges
Deloitte was selected by ITHM as a knowledge partner to develop and advance key strategic guidelines. The partnership is designed to provide guidance on AI, particularly in the area of Generative AI, and to understand the trends and potential for change shaping the industry. Klaus Driever, CEO of Insurtech Hub Munich, on the new partnership:
"We are excited to partner with Deloitte. Combining insights from our AI programs with Deloitte's technological, regulatory, and strategic insight will help our community of insurers and startups successfully address the challenges of AI. Through this partnership, we aim to expand our knowledge with Deloitte data and analytics and create a publicly accessible, collective body of expertise."
Support in strategic decisions on the use of AI
Jörg Günther, Partner and Insurance Lead Consulting at Deloitte, added:
"We, too, are very much looking forward to collaborating with the Insurtech Hub Munich and the stimulating exchange with the insurance industry. With the Knowledge Partnership for the Scale AI program, we can provide profound insights and support a growing number of insurers in making strategic decisions on the use of AI even more based on sound data. This allows us to leverage our expertise, our industry focus, and our role in relevant technology ecosystems to create even more value for the insurance industry."
