Leading insurance provider leveraging enterprise AI platform for fraud detection and pricing to better serve customers
São Paulo, Brazil, January 13, 2020 — DataRobot, the leader in enterprise AI, today announced that Tokio Marine, a multinational insurance holding company, has selected DataRobot’s enterprise AI platform to unleash the power of their data in Brazil. The partnership will enable Tokio Marine to leverage AI capabilities from DataRobot that will transform their fraud detection capabilities, and the team is evaluating a myriad of other use cases on the journey to becoming an AI-driven enterprise.
Prior to using DataRobot, the team did not have experience building models and was unable to gain deep insights from their data. Before making their selection, the company evaluated other vendors focused on singular use cases that wouldn’t scale to other parts of their business. To become a truly AI-driven enterprise, Tokio Marine selected DataRobot.
“Before DataRobot, our fraud detection efforts were manual and time consuming,” said Leandro Eschiavi, Tokio Marine Head of Innovation. “We selected DataRobot because it could provide use cases across our business — something we know is required to truly leverage the power of AI. Pair that with the platform’s ease-of-use, its user-friendly interface, and the business insights it provides which drive tremendous value to our business and it’s already been a successful partnership.”
“By using DataRobot, Tokio Marine is dramatically increasing its capabilities related to fraud detection and significantly reducing the amount of human effort needed to review all of the alerts,” said Wilson Leal, Tokio Marine CIO. “The technology allows for Tokio Marine’s data scientists and non data scientists to work together, collaborating on model development, delivery, and deployment. This added flexibility helps Tokio Marine better serve its customers.”
“Tokio Marine is a leader in the insurance field, and DataRobot’s technology will allow them to stay ahead of industry trends while minimizing time spent on manual processes,” said Marcos Hayashi, General Manager of Brazil, DataRobot. “We’re thrilled to be working with such an innovative organization and look forward to helping them make better, faster, and smarter machine learning decisions.”
For more information on DataRobot’s work in the insurance industry, visit datarobot.com/insurance.
DataRobot is the leader in enterprise AI, delivering trusted AI technology and ROI enablement services to global enterprises competing in today’s Intelligence Revolution. DataRobot’s enterprise AI platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. This platform maximizes business value by delivering AI at scale and continuously optimizing performance over time. The company’s proven combination of cutting edge software and world-class AI implementation, training, and support services, empowers any organization – regardless of size, industry, or resources – to drive better business outcomes with AI.
With a singular focus on AI since its inception, DataRobot has a proven track record of delivering AI with ROI. DataRobot has offices across the globe and $431 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech, and DFJ Growth. For more information, visit https://www.datarobot.com, and join the conversation on Twitter and LinkedIn.
About Tokio Marine
In 2019, Tokio Marine Seguradora S.A. celebrates its 60th anniversary in Brazil. The Company is a subsidiary of Tokio Marine Holdings, the oldest Japanese insurance conglomerate, founded 140 years ago. The Insurance Company makes available a broad portfolio of solutions for Individuals and Companies to the domestic market, through a structure of 75 business units, with Branches and Offices throughout the country. The portfolio includes Property and Casualty Insurance Products, like Auto, Fleets, Homeowners, Rental Surety, Condominium, Portable Equipment, Extended Warranty; Individual and Group Life Insurances; and Commercial Line Insurance Products, which include Insurances for Small, Medium and Large Companies, Directors and Officers Liability (D&O), Crop, Housing, Marine, Property, Engineering Risks, Named/Specified and all risks, Digital risks, Oil&Gas risks, Surety bonds, Liability, Hull and Aeronautical Equipment. According to Great Place to Work® Brazil, it is the ‘Best Insurance Company to Work for’ in the Country, as well as one of the ‘Best Companies for Women to Work.’
For more information, visit: www.tokiomarine.com.br.