WorkFusion and Talanx Group Partner to Accelerate Process Digitization through AI-based Automation
NEW YORK, October 2019 – WorkFusion, a top provider of Intelligent Automation software, and Talanx Group, a leading multi-brand insurance group headquartered in Germany, today announced a strategic partnership to accelerate end-to-end digitization of core business processes, starting with HDI Germany.
In addition to its growth initiatives, the Talanx Group placed its core focus on digital transformation, investing to rapidly establish and expand skills in artificial intelligence (AI). Specifically, its companies are focusing on AI-based business process optimization and enhancements.
HDI Versicherung AG, delivering insurance solutions to retail customers and small enterprises, recently solicited vendors to offer proposals with a focus on text mining and AI-based automation. WorkFusion won the contest after a final proof of concept — standing out among both start-ups and global players. WorkFusion can now be implemented by any divisions at Talanx Group, and HDI Versicherung AG’s claims department will be among the first to start.
“At HDI in Germany, we are already using many robots in our daily insurance business. With WorkFusion, we are now able to scale automation much more because RPA is combined with AI — i.e., the robot becomes intelligent. This is especially relevant for complex cases, as in claims,” said Dr. Christoph Wetzel, CEO of HDI Versicherung AG.
“We are thrilled to partner with Talanx Group and HDI Germany,” said Alex Lyashok, WorkFusion CEO. “It not only proves our commitment to advancing Intelligent Automation in the European market, but this is also an outstanding example of applying Intelligent Automation to use cases in the insurance sector, and is applicable and sharable across sister companies and divisions to achieve economies of scale.”
About Talanx Group
With premium income of EUR 34.9 billion (2018) and about 20,000 employees, Talanx is one of the major European insurance groups. The Hannover-based Group is active in more than 150 countries. Talanx operates as a multi-brand provider with a focus on B2B insurance. Under the HDI brand, Talanx operates both in Germany and abroad in industrial insurance as well as retail business. Further Group brands include Hannover Re, one of the world’s leading reinsurers, Targo insurers, PB insurers and neue leben, the latter all specialised in bancassurance, as well as the Polish insurer Warta. Ampega is one of the top asset management companies in Germany and manages the assets of the Talanx Group.