Expert Group Meeting – AI in Finance and Insurance: Generative AI and its applications in finance

Dear members of the expert group AI in finance & insurance,

We would like to invite you to the next expert group meeting that will take place on Monday, December 4th, 4-6pm, at Stockerstr. 50 (UNIT8 office) in Zurich.

This next meeting will focus on Generative AI and its applications in finance.

Generative AI (and its various protagonists) are making headlines on a daily basis. Yet, despite the frequent discussions and debates surrounding the technology’s potential, there is a noticeable gap regarding its practical implementation, especially in finance. This is both surprising and a missed opportunity, given the transformative potential of generative AI in reshaping the operations and business models of banks and insurances. Recognizing this gap, our meeting will delve into tangible use cases, showcasing how generative AI can be effectively integrated into the financial sector, offering insights, and discussions that go beyond the theoretical and into the practical.

Agenda:

• 15h45: Doors open & arrival of guests
• 16h00-16h15: Welcome & introduction
  by Prof. Branka Hadji Misheva & Andreas Blum (academic and business leads of the Expert Group)
• 16h15-16h30: Talk 1 – (Generative) AI @ Helvetia Versicherungen
  The Swiss insurer will give insights into their use case approach to Gen AI and showcase ClaraGPT (for external customers) and Helvi (for internal customers)
  by Benjamin Theunissen (Head Artificial Intelligence & Customer Insights at Helvetia Versicherungen)
• 16h30-16h45: Talk 2 – Large language models for entity matching
  Leveraging ChatGPT’s capability to identify and link disparate records representing the same real-world entities by harnessing semantic similarities in text mentions, even in the absence of explicit keyword overlaps
  by Prof. Branka Hadji Misheva (Professor of Applied Data Science and Finance at Bern University of Applied Sciences)
• 16h45-17h00: Talk 3 – GenAI in Action at a leading European Insurance: Information Retrieval from risk documents in the blink of an eye
  by Thanos Giannakopoulos (Senior Data Scientist and Co-Lead of Unit8 Generative AI Practice)
• 17h00-17h15: Q&A
• from 17h15: Apéro and time for networking and discussion
  

Please note that this meeting is exclusively for professionals working in data, AI & analytics within banking, insurance or asset management.
Our past meetings were attended by participants from Swiss Re, Helvetia, Mobiliar, UBS, Credit Suisse, Vontobel, GKB, ZKB, Raiffeisen, Migrosbank and others.

Looking forward to meeting you all there,
Branka and Andreas