Congratulations to Robert Schöftner, Rita Haffter, Tobias Ruckstuhl, Noah Oswald, Barbara Schönenberger, Frank Pütz, Dominik Staub and Tobias Motz who have convinced our jury with their MLOps approach.

The winning team convinced us with their work on MLOps:

The team established a machine learning operations (MLOps) approach to delivering scalable quantitative and qualitative software products (APIs & WebApps), amongst others:
– A web-based application using neural networks for automated detection of KPIs from financial statements of SME entities to evaluate counterparty credit risk
– An API providing triaging decisions to external car experts based on a random-forest model
– A reporting-platform providing qualitative and quantitative KPIs for several underwriting and claims divisions

The ceremony took place on 11th October 2022 in the AULA of University of Zurich during our flagship event Geopolitical Risks and the New World Order / Swiss Risk Award 2022

The Top 5 (in no specific order)

Nominated (Organisation)Nominated for
Swiss Re Ev Risk Score
Nominee: Automotive and mobility solutions team, Judith Wörle,
Omri Har-Shemesh,
Maria de Angelis,
Donato Genovese
• Built to support insurers with their premium calculations for electric vehicles by translating the complex electric vehicle risk landscape into an easily consumable rating
• Using retrospective analysis of early EV claims data, identifies and quantifies a set of risk factors that reflect the main differences between combustion engine and electric vehicles
• Insurers can benefit from an improved risk segmentation and better pricing transparency for EVs, ultimately providing more competitive and fairer premium
AckTao
Nominee: Whole company,
Cecile Maye,
Greg Roy,
Jean-Daniel Maye
• AckTao puts the human at the center and supports organisations and people to become more cyber aware and thus increase their cyber maturity. Since most successful cyber attacks involve (unwitting) employees, training people is essential
• Has a strong gaming component, in which each ‘player’ moves through scenarios according to their current knowledge and based on the decisions that they take
• AckTao’s approach is novel, fun and elevates training from a drab tick-box exercise to an immersive experience
Helvetia
Nominee: Team Analytics & Reporting at Helvetia
Robert Schöftner,
Rita Haffter,
Tobias Ruckstuhl,
Barbara Schönenberger, Frank Pütz,
Noah Oswald,
Dominik Staub,
Tobias Motz
• The team established a machine learning operations (MLOps) approach to delivering scalable quantitative and qualitative software products (APIs & WebApps), amongst others:
• A web-based application using neural networks for automated detection of KPIs from financial statements of SME entities to evaluate counterparty credit risk
• An API providing triaging decisions to external car experts based on a random-forest model
• A reporting-platform providing qualitative and quantitative KPIs for several underwriting and claims divisions
SokratesGroup
Nominee: Team Activating Corporate Risk-Crowd Intelligence,
Thomas Braun,
Benjamin Jenni
• SokratesMaps show entire organizations, projects, and functions on just one page (a picture is worth a thousand words)
• “Non-risks” are included as stabilizing factors alongside risk elements. Financial and non-financial risks are also listed
• Furthermore, the maps show sources of risk and trends
• Interactions become visible and open for discussion and configuration
dacadoo
Nominees:
Laurence Jacobs,
André Näf,
Sandro Marcon,
Andrea Clemente,
Jos Cobben
• dacadoo’s Risk Engine calculates in real time relative risk on mortality and morbidity plus confidence intervals around these estimates
• Uses lifestyle and other digital health data for product development, dynamic pricing or Pay-as-You-Live products. It is based on more than 300m person years of clinical data
• It renders also a dynamic list of “best next underwriting question to ask” so the resulting uncertainty of the risk/UW decision gets narrowed to within companies’ risk limits
Swiss Risk Award 2021: The Top 5 nominations in detail

About the Swiss Risk Award

The Swiss Risk Award is an annual award for the best contribution to risk management. This can be a project or product made by an individual or group/team. It must have been made for the most part in Switzerland or for company/institution with head office in CH. The winner will be given a cash prize of CHF 2’500 and chance to present at a high profile venue.

Judging and criteria

The judging is done in several steps – the final decision who of the Top 5 will win the award was done by this years judging panel: Roger Müller (Head Risk, Zurich Cantonal Bank), Monica Mächler (Board of Directors, Zurich Insurance), Dominic Rau (Risk Management, Swiss Re) and Volker Gloe (CRO, Cembra Bank)

For each nominee, each judge should rate along each of the following criteria:

  • Practical Impact: Improves (or has potential to improve) effectiveness/efficiency of risk management practices at a micro- or macro level
  • Originality/creativity: Candidates are “thinking outside the box”  as well as “looking at the bigger picture” while pushing/expanding the intellectual boundaries
  • Societal impact: What is the potential application in contributing to the risk management system from a societal perspective? I.e. is there a broader benefit for society?

Learn more about the Swiss Risk Award.