By Pietro Lombardi 
 

Swiss Re AG and Microsoft Corp. are partnering up to launch a new tool which will predict, manage and insure risks.

The tool, called Digital Market Center, will utilize the U.S. company's data analytics and artificial intelligence capabilities, the Swiss reinsurer said Thursday.

"Swiss Re's Digital Market Center will offer insurers a broader understanding of risks and their ripple effects on society, governments and economies," it said.

Connected vehicles and mobility, industrial manufacturing and natural catastrophes are to be the first areas for which the Digital Market Center will be used.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

March 12, 2020 06:14 ET (10:14 GMT)

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