Munich Re, together with its partners, has installed the SAS Analytics and Hortonworks data platform for its big data initiative.
With the new data platform, Munich Re intends to increase its clients’ resilience against economic, political and cyber risks.
The platform enables departments to explore new ideas, develop new business fields and further enhance customer service.
Marc Wewers, lead IT architect for big data and analytics at Munich Re, commented: “As a reinsurer with worldwide operations, we have vast data resources at our disposal. We now want to leverage them fully to advance our business and realise pioneering business models.”
Wolfgang Hauner, chief data officer at Munich Re, added: “A platform like this can only work if the users are happy with it. The rapidly rising numbers of users and the large number of analytics projects clearly show that our approach is spot on.”
