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FIS®, a global leader in financial technology, has launched the Insurance Risk Suite AI Assistant, a generative AI-powered tool that provides actuaries with instant, expert-level guidance on building, maintaining, and operating risk models. Available 24/7 and supporting any language, the assistant eliminates time-consuming searches through technical documentation, enabling faster responses to evolving risks such as climate volatility and cyber threats.
Insurers face unprecedented pressure from dynamic risk landscapes, including climate-driven claims volatility and expanding cyber exposures. Accurate, timely risk modeling is essential for competitive pricing, profitability, and regulatory compliance. Traditional workflows often involve hours of searching dense technical materials, slowing response times and limiting agility. The AI Assistant changes this by acting as an always-on expert, providing immediate, context-aware support that accelerates model resilience and overall risk management.
"Businesses need powerful modeling, risk management and reporting tools to accurately quantify their exposure and keep their money hard at work," said J.P. James, Group President, Office of the CFO at FIS. "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."
The initial release focuses on real-time guidance and accessibility. Planned enhancements will further empower actuarial teams by automating code-related tasks, generating documentation, explaining complex calculations, and diagnosing errors—streamlining the entire modeling lifecycle. This reflects FIS’ ongoing commitment to integrating advanced AI across the financial technology ecosystem to support insurers through the money lifecycle.
The Insurance Risk Suite AI Assistant positions FIS as a key enabler for insurers seeking to modernize actuarial processes, respond more effectively to emerging threats, and maintain a competitive edge in a volatile risk environment.
About FIS
FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses.
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