RIMAC: How a Peruvian insurance company is scaling AI
Fernando Rios, CEO of RIMAC Seguros y Reaseguros (RIMAC), a leading insurance company in Peru, had been driving an intensive digital transformation at the company since 2018. By modernizing its IT infrastructure and support applications across critical business units, Fernando sought to deliver a superior customer experience through faster response times, enhanced security, and improved business continuity and resiliency, especially throughout the pandemic. By 2022, the company had built a strong foundation from which to scale up its advanced analytics and AI capabilities to enhance its value propositions beyond insurance and focus on delivering well-being. This was in line with its newly articulated corporate purpose, “We protect your world; we promote your well-being.” Two questions remained uppermost in Fernando’s mind: How can RIMAC accelerate the democratization of the benefits of AI and advanced data analytics? / How will AI capabilities drive the company’s well-being agenda in the next three years?
- Identify the stages of scaling AI
- Realize the value of quick successes in the scale-up process
- Analyze options for appropriate organizational structures
- Understand the importance of shared KPIs between the business lines, IT and data functions
- Discuss how scaling can enable change in business models
RIMAC Seguros y Reaseguros, Finance and Insurance, Insurance
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