Generali Partners with MIT to drive AI innovation in insurance

Insurance
29/01/2025 News

Generali has announced a research collaboration with the Massachusetts Institute of Technology (MIT), specifically with its Laboratory for Information and Decision Systems (LIDS). This partnership aims to explore practical applications of artificial intelligence (AI) in the insurance sector, strengthening Generali’s competitive edge.

Advancing AI in key insurance areas

Starting in January 2025, Generali’s operational units will work with three MIT research teams to enhance AI-driven solutions in strategic areas such as risk modeling, claims assessment, and smart underwriting. The collaboration will allow Generali’s data experts to engage directly with MIT professors in dedicated working groups. By leveraging cutting-edge AI and machine learning, Generali aims to develop innovative solutions that can reshape insurance processes and improve efficiency.

Marco Sesana, Generali Group General Manager, highlighted the initiative’s significance:
"AI will play an increasingly important role in our industry. Partnering with MIT allows us to harness its full potential, integrating AI into our key business applications. Working with a globally recognized research institution ensures we prioritize the most advanced strategic competencies to drive the company’s growth."

Investing in digital transformation

This partnership aligns with Generali’s broader "Lifetime Partner 24: Driving Growth" strategy, which focuses on sustainable growth, customer experience enhancement, and technological innovation. Over the past three years, Generali has invested €1.1 billion in digital transformation, including €443 million in digital and technology initiatives. Additionally, the company has allocated €250 million to its Generali Ventures initiative, targeting investments in insurtech and fintech startups.

By collaborating with one of the world’s top research institutions, Generali reinforces its commitment to AI-driven transformation, ensuring it remains at the forefront of innovation in the insurance industry.

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