Shared risk. Shared reward. One intelligent risk ecosystem. Qorus-NTT DATA Innovation in Insurance Awards 2026

Submitted by

Swiss Re

Premium
10/03/2026 Insurance Innovation
Swiss Re’s next-gen risk suite unites MagnumXP and PromiseXP in one AI-powered, cloud ecosystem—connecting underwriting and claims to deliver smarter decisions, faster outcomes, and seamless experiences across the entire life risk journey.
Innovation details
Country
United States
Category
Product & Service Innovation
Keyword
AI & Generative AI, Transformation, Insurance, Data, Life insurance, Claims management, Automation, Reinsurance, Risk management, Underwriting
Business Line
Life Insurance, Income protection, Accident Insurance, Health Insurance
Distribution Channel
Online / Direct

Innovation presentation

Swiss Re’s next-generation risk technology suite marks a step-change in life insurance innovation. By uniting AI-enabled underwriting and claims within a single, cloud-connected platform, Swiss Re has transformed MagnumXP and PromiseXP into one powerful, integrated ecosystem—enabling smarter decisions across the entire risk lifecycle.

For underwriters, MagnumXP delivers cloud-native automation, real-time intelligence, and data-driven decision support that accelerates application processing, improves placement rates, and elevates risk selection at scale. For claims professionals and policyholders, PromiseXP enables seamless, end-to-end claims management—from digital intake and administration to automated assessment—within the same connected environment.

Enhanced by advanced AI and informed by behavioral science, this integrated suite creates true end-to-end lifecycle value: sharper risk selection, faster and fairer claims resolution, greater operational efficiency, and superior customer experiences. The result is a more resilient, data-driven insurance model that empowers carriers to grow confidently in a rapidly evolving market.

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