Munich Re utilises Starmind's AI to transform knowledge management - Reinsurance News

Global reinsurance giant Munich Re is working with Starmind to transform and improve the reinsurer's knowledge management through advanced technology and artificial intelligence (AI). Starmind's technology is designed to expand human ingenuity by applying neuroscientific principles to AI, and reinsurer Munich Re is looking to transform its knowledge management via a new application called OneMind. OneMind aims to enable Munich Re to engage and cultivate the expertise of its employees, improving the company's knowledge management via the leverage of internal knowledge and expertise as a competitive advantage. The application of self-learning algorithms based on neuroscientific principles enables Starmind to build a firm's'corporate brain,' which in turn enables employees to better identify and connect with the most appropriate internal expert for almost any query, as well as having access to internal knowledge quickly and efficiently. "Many of our clients face increasingly complex and ever evolving new risks. To provide them with best in class solutions in a swift and efficient way we need to have a profound understanding of how trends and developments drive clients' needs and interests. "We have implemented OneMind because it enables us to easily use our worldwide know-how for either quickly identifying possible solutions that matched similar client needs or for designing new tailor made solutions.