FIS launches genAI assistant for insurance risk modeling

FIS has introduced the Insurance Risk Suite AI Assistant, a generative AI tool designed to help actuaries manage and maintain risk models more efficiently.

The assistant provides real time guidance on model operation, configuration, and troubleshooting, allowing users to ask complex technical questions and receive instant answers in any language. The tool is embedded within FIS’s Insurance Risk Suite and is available around the clock, reducing the time spent searching through documentation and technical materials.

“Businesses need powerful modeling, risk management and reporting tools to accurately quantify their exposure and keep their money hard at work. But as these risks become more interconnected and harder to predict, actuaries also need tools that don’t slow them down. By embedding AI assistance directly into our Insurance Risk Suite, we’re giving actuaries more time to focus on what truly matters: accurately quantifying, reporting, managing and mitigating risk.” – J.P. James, Group President, Office of the CFO at FIS.