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Artificial Intelligence for (re)insurance companies and banks

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PwC offers assistance in defining the right AI vision and strategy for companies, enabling effective utilisation of AI and guidance on investments and expectations in the rapidly evolving field.

Artificial Intelligence for (re)insurance companies and banks Artificial Intelligence has been making great strides. It has shifted from an incomprehensible subject of a chosen few “Einsteins” to a daily used assistant. Companies invest enormous amounts of money in AI to reduce costs, speed up customer service and stay competitive.  Our assistance  How to effectively use AI to build up your company?
How to transform your business to stay ahead? PwC can help you to answer those questions as well as define the right AI vision and strategy of your company.

Our services We will propose you   1 Management awareness We provide managers with a clear insight into the current and future capabilities of AI and its applications in the banking and insurance/reinsurance sectors. We help moderate exaggerated expectations and encourage a realistic view of underestimated opportunities. 2 Use case ideation We organize workshops focused on identifying relevant AI use cases that will provide real benefits. 3 Vision We support you in creating a clear and ambitious company vision in the field of AI. 4 Organization and team We propose optimal structures, services, competencies, and roles necessary for effective AI implementation and maximizing its benefits. 5 Way of work We define key changes in your workflows to ensure better AI integration, including optimizing the evaluation of AI solutions. 6 Platform and tools We determine the key functionalities and tools necessary for successful AI utilization in your company. 7 Regulation and risks We identify the main risks associated with AI implementation and provide you with a comprehensive overview of current and upcoming regulations, including AI Act. 8 Roadmap We lay out all key activities into a clear roadmap with well-defined goals and crucial milestones. 9 Delivery Our consultants will support you in delivering selected AI use cases, implementing the necessary platforms and tools, and ensuring their compliance with relevant regulations.

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Download our guide for Banks

Thanks to the team of senior consultants bringing experience in (re)insurance and banking businesses we can generate unique ideas that are tailored to the specific needs and challenges of each client. Our competence is bolstered by expansive teams of data specialists, risk managers, and modelers (100+) providing crucial support to each project. This collaborative structure allows us to consistently deliver exceptional value and elevate our clients' experience to new heights.

Petr Novák Contacts

Petr Novák

Data & AI in Financial Services, PwC Czech Republic

Tel: +420 602 383 972

E-mail

Patrik Meliš-Čuga

Data & AI Governance, PwC Czech Republic

Tel: +420 734 692 573

E-mail

Tomáš Kuzin

AI Delivery, PwC Czech Republic

Tel: +420 731 623 976

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