Jacksonville-based FinTech firm FIS has launched the Insurance Risk Suite AI Assistant, a generative AI tool designed to provide actuaries with instant guidance on building and maintaining risk models.
The solution aims to reduce the time actuaries spend navigating complex technical documentation by delivering immediate answers to detailed modelling queries in any language, 24/7. By embedding AI directly into its Insurance Risk Suite, FIS is targeting faster risk response and improved operational efficiency for insurers.
The launch comes as insurers face mounting pressure from climate volatility and rising cyber threats, which are reshaping claims patterns and risk portfolios. In this environment, modelling cycles measured in quarters are increasingly misaligned with risks that evolve daily. FIS positions the AI assistant as a way to help insurers respond more dynamically.
The Insurance Risk Suite AI Assistant functions as an always-available expert within the platform. It provides real-time guidance on model operation and maintenance, enabling actuaries to reduce manual research and focus on core analytical tasks. According to FIS, this can support more competitive pricing, stronger profitability and earlier detection of emerging risks.
FIS group president, office of the CFO J.P. James said, “Businesses need powerful modelling, risk management and reporting tools to accurately quantify their exposure and keep their money hard at work. But as these risks become more interconnected and harder to predict, actuaries also need tools that don’t slow them down. By embedding AI assistance directly into our Insurance Risk Suite, we’re giving actuaries more time to focus on what truly matters: accurately quantifying, reporting, managing and mitigating risk.”
The AI assistant features an intuitive interface designed to make advanced actuarial insight more accessible to teams of varying sizes and experience levels.
FIS indicated that future enhancements are expected to include code writing and optimisation, automated documentation, run descriptions and detailed explanations of calculations and errors. The roadmap reflects the company’s broader strategy to drive continuous innovation across the financial technology lifecycle.
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