US Patent Issued to Swiss Reinsurance on July 15 for "Machine learning-based, predictive, digital underwriting system, digital predictive process and corresponding method thereof" (Swiss Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,499, issued on July 15, was assigned to Swiss Reinsurance Co. Ltd. (Zurich, Switzerland).

"Machine learning-based, predictive, digital underwriting system, digital predictive process and corresponding method thereof" was invented by Yannick Even (Zurich, Switzerland), Luca Baldassarre (Zurich, Switzerland), Farooque Ahmed (Zurich, Switzerland) and Guan Wang (Zurich, Switzerland).

According to the abstract* released by the U.S. Patent & Trademark Office: "Proposed is a ML-based, predictive, digital underwriting system and corresponding method providing an automated parameter-driven predictive underwriting process based on measured probability values associated with individuals of ...