Swiss Re Global Business Solutions India Pvt. Ltd. is an analytical and operational hub of Swiss Re, the world’s largest reinsurer, and forms an integral part of the company’s value chain. In today's dynamic business environment, especially with technology-driven disruptions, the Global Capability Centre in Bangalore is helping Swiss Re enhance its competitiveness in the markets through R&D-focused initiatives, innovation, and differentiation, besides helping to optimise costs.
The GCC in Bangalore collaborates with a larger ecosystem of external and internal partners to drive innovation that not only helps the organization but also helps advance the re/insurance industry. For example, the Swiss Re InsurTech Accelerator programme, started in July 2016, focuses on business acceleration by partnering with startups to create leading innovative solutions. Through this program, startups across the world have engaged with global Swiss Re leaders and clients, found new business connects, and gained access to the expertise from the Swiss Re team and mentors from the industry. The systemic innovation focus within the GCC has led to new digital products and services such as image recognition-based cattle insurance claims validation, first-of-its-kind earthquake parametric product for Asia, geo-based analytics, etc.