Munich Re signs stakeholder agreement with AI research institute

Munich Re is pouring an undisclosed sum into the German Research Centre for Artificial Intelligence (DFKI). Described as one of the leading AI research institutes in Europe, the DFKI is a not-for-profit public-private partnership that receives project funding from the likes of the European Union and the German government. Support also comes from member companies – the roster of which now includes Munich Re – such as Google and Microsoft. Representatives from the DFKI and the major reinsurer have signed the stakeholder agreement. "Artificial intelligence is one of the most important technologies of our time," commented Torsten Jeworrek, member of Munich Re's management board.