Doing ground up work
A new approach to categorising and discovering risks
In a cooperation with the University of Southampton, Munich Re’s Corporate Insurance Partner developed a project that aimed to create a new way of categorising corporates’ risks more comprehensively. A key consideration of the project work throughout was the possible application of artificial intelligence, text mining and data analytics. The research phase of the project tasked senior corporate risk management researchers to build a risk repository. To do so, they manually catalogued and clustered reported risk items from so called 10-K reports of US-listed corporates across various industry segments. The first findings and intermediate results were very promising and useful alike. Topics Online spoke to Wolfgang Boffo, Senior Project Manager to understand more about this ambitious project and its potential in discovering new risks to be transferred.