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Title
Agroseguro improves its agricultural insurance offering thanks to AWS's generative AI
…tion with expert guidance and packaged solutions AWS Solutions Customer Stories Agroseguro has improved its agricultural insurance offering thanks to AWS's generative artificial intelligence service Agroseguro, the Spanish Association of Combined Agricultural Insurance Insurers…
Description
Agroseguro, the Spanish Association of Combined Agricultural Insurance Insurers, is applying generative AI as part of a cloud migration to AWS. The insurer is pursuing AI projects for detecting fraud within insurance lines using data learning techniques, and for analyzing images as part of claims assessment using artificial vision techniques. Using Amazon Bedrock, Agroseguro has started a project applying natural language processing to help understand technical and legal documents, particularly the terms and conditions for its different insurance lines and assessment rules. The company is also developing predictive models using AI to produce more accurate risk analysis and pricing across its insurance lines.
…manage its activity in an increasingly effective and efficient manner. Overview The collaboration with Amazon Web Services (AWS) allows the organization to continue to progress its digital transformation journey, exploring the possibilities offered by both generative artificial intelligence and migration to a native cloud architecture. Two main challenges faced by Agroseguro stand out in particular: optimization o…
…l intelligence projects represent a clear commitment on the part of Agroseguro. These projects seek to apply generative AI in areas such as detecting fraud within insurance lines, using data learning techniques, as well analyzing images as part of their assessment processes using artificial vision techniques, both of which offer promising potential for transforming the organization's operations. Agroinsurance is also exploring generative AI initiatives using Amazon Bedrock…
Company
Agroseguro
…uality of service, as well as high customer satisfaction. Play About Agroseguro Agroseguro is the Agrupación Española de Entidades Aseguradoras de los Seguros Agrarios Combinados, S.A. [Spanish Association of Combined Agricultural Insurance Entities]. It is responsible for managing agricultural insurance for and on behalf of the…
Country
Spain
…uality of service, as well as high customer satisfaction. Play About Agroseguro Agroseguro is the Agrupación Española de Entidades Aseguradoras de los Seguros Agrarios Combinados, S.A. [Spanish Association of Combined Agricultural Insurance Entities]. It is responsible for managing agricultural insurance for and on behalf of the…
Region
Europe
…uality of service, as well as high customer satisfaction. Play About Agroseguro Agroseguro is the Agrupación Española de Entidades Aseguradoras de los Seguros Agrarios Combinados, S.A. [Spanish Association of Combined Agricultural Insurance Entities]. It is responsible for managing agricultural insurance for and on behalf of the…
Industry
Insurance
…inados, S.A. [Spanish Association of Combined Agricultural Insurance Entities]. It is responsible for managing agricultural insurance for and on behalf of the insurance entities that are part of the coinsurance pool. Opportunity | Agroseguro has improved its offering thanks to artificial intelli…
Problem
Agroseguro faces the challenge of managing its activity in an increasingly effective and efficient manner, including optimizing capital investments and managing increased regulation related to sustainability, climate change and risk management. The company has also seen a rise in accidents from more frequent and severe extreme weather events, with gross claims against agricultural insurance policies hitting an all-time high of 1.24 billion euros in the last 12 months, while needing to maintain stability, efficiency, high quality of service and customer satisfaction.
…l insurance offering thanks to AWS's generative artificial intelligence service Agroseguro, the Spanish Association of Combined Agricultural Insurance Insurers, faces significant challenges that require it to manage its activity in an increasingly effective and efficient manner. Overview The collaboration with Amazon Web Services (AWS) allows the organizati…
…enerative artificial intelligence and migration to a native cloud architecture. Two main challenges faced by Agroseguro stand out in particular: optimization of capital investments and managing increased regulation within the sector, and more specifically, the new regulations related to sustainability, climate change and risk management. In addition, in recent years the company has seen an increase in accidents due…
…ons related to sustainability, climate change and risk management. In addition, in recent years the company has seen an increase in accidents due to the greater frequency and severity of extreme weather events. In the last 12 months, the gross claims made against agricultural insurance policies have hit an all-time high of 1.24 billion euros. Another challenge for the company is maintaining stability, efficiency and high…
…gricultural insurance policies have hit an all-time high of 1.24 billion euros. Another challenge for the company is maintaining stability, efficiency and high quality of service, as well as high customer satisfaction. Play About Agroseguro Agroseguro is the Agrupación Española de Entidades Asegur…
Solution
Agroseguro is pursuing generative AI projects for detecting fraud within insurance lines using data learning techniques, and for analyzing images as part of its assessment processes using artificial vision techniques. Using Amazon Bedrock, AWS's generative AI service, the company has initiated a project to investigate how natural language processing can facilitate the understanding of technical and legal documents, particularly the terms and conditions for its different insurance lines and the rules of assessment. Agroseguro is also developing predictive models using artificial intelligence to produce more accurate risk analyses for pricing its insurance lines. This work accompanies the completion of the first phase of the AWS cloud migration acceleration program (MAP), which will form the basis of the company's future agricultural insurance management system.
…l intelligence projects represent a clear commitment on the part of Agroseguro. These projects seek to apply generative AI in areas such as detecting fraud within insurance lines, using data learning techniques, as well analyzing images as part of their assessment processes using artificial vision techniques, both of which offer promising potential for transforming the organization's operations. Agroinsurance is also exploring generative AI initiatives using Amazon Bedrock…
…which offer promising potential for transforming the organization's operations. Agroinsurance is also exploring generative AI initiatives using Amazon Bedrock , AWS's generative AI service. The company has initiated a project to investigate how natural language processing can facilitate the understanding of various technical and legal documents. This project focuses especially on documents related to the terms and conditions for the different insurance lines, and the rules of assessment. Finally, it should be noted that everything mentioned above falls within a stri…
…focuses on several key areas. First, cloud migration as a fundamental strategy. Agroseguro has completed the first phase of the AWS cloud migration acceleration program (MAP). The new architecture will form the basis of the future agricultural insurance management system, and will be based on native AWS services and technologies. Second, artificial intelligence projects represent a clear commitment on the pa…
Business value
The scalability provided by AWS helps Agroseguro optimize costs by adjusting resources as needed and paying only for what is used, which is crucial at times of high activity such as underwriting deadlines or extreme weather events. Developing predictive risk models with AI allows Agroseguro to produce more accurate analyses to assess and price risk across its insurance lines, resulting in the possibility of offering customers better prices and conditions. Automating the understanding of technical and legal documents through natural language processing simplifies and accelerates the interpretation of policy and regulatory conditions, improving operational efficiency and customer satisfaction.
…f insurance underwriting periods or during extreme weather events. In addition, the scalability provided by AWS helps to optimize costs, allowing resources too be adjusted as needed, only paying for what is used. Another of the company's objectives is streamlining products and conditions for…
…, allowing it to increase or reduce its IT resources efficiently and on demand. This flexibility is crucial at times of high activity, such as the end of insurance underwriting periods or during extreme weather events. In addition, the scalability provided by AWS helps to optimize costs, allowing…
…the company's objectives is streamlining products and conditions for customers. Developing predictive models using artificial intelligence allows Agroseguro to produce more accurate analyses to assess and price the risks for the different insurance lines, resulting in the possibility of offering its customers better prices and conditions. All of this results in a more tailored and personalized insurance offering for…
…ts is another of the improvements that Agroseguro has found with generative AI. The automated understanding and management of technical and legal documents, as well as the use of natural language processing, simplifies and accelerates the interpretation of policy and regulatory conditions, improving operational efficiency and customer satisfaction. The increase in agility achieved by Agroseguro has made it possible to progress…
AI capabilities
Document Intelligence, Computer Vision, Predictive Analytics
…g generative AI initiatives using Amazon Bedrock , AWS's generative AI service. The company has initiated a project to investigate how natural language processing can facilitate the understanding of various technical and legal documents. This project focuses especially on documents related to the terms and condition…
…detecting fraud within insurance lines, using data learning techniques, as well analyzing images as part of their assessment processes using artificial vision techniques, both of which offer promising potential for transforming the organization's op…
…the company's objectives is streamlining products and conditions for customers. Developing predictive models using artificial intelligence allows Agroseguro to produce more accurate analyses to assess and price the risks for the different insurance lines, resulting in the possibility of offering its customers better prices and condi…
Technology
Amazon Bedrock
…which offer promising potential for transforming the organization's operations. Agroinsurance is also exploring generative AI initiatives using Amazon Bedrock , AWS's generative AI service. The company has initiated a project to investigate how natural language process…
Deployment model
Cloud
…loring the possibilities offered by both generative artificial intelligence and migration to a native cloud architecture. Two main challenges faced by Agroseguro stand out in particular: optimization…
Deployment options
cloud
…ompleted the first phase of the AWS cloud migration acceleration program (MAP). The new architecture will form the basis of the future agricultural insurance management system, and will be based on native AWS services and technologies. Second, artificial intelligence projects represent a clear commitment on the pa…
