AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
What's in It for Munich Re Insurers?
Munich, Rhee's pricing comes from a combination of the performance guarantee, and then the insurance contract between the AI provider and Munich Rhee. All those typical insurance concepts like a retention or deductible or a co-insurance where for every dollar Munich Rhee indemnifies 90%, the customer indemnifies themselves, the remaining 10 cents. So essentially when we have these conversations with customers, we ask them, do you want to go fixed risk or fixed price?