The partnership aims to manage and unlock valuable insights from the firm’s vast data estate. Aimm was chosen by RiverStone following a selection process and will act as their data and AI partner for an initial three-year period.
Aimii uses AI to help companies find, make sense of, and retain control of their data. Aimii’s technology and services are used by FTSE100 companies, the UK Government, and the FCA. Through the partnership, the Aimii Insight Engine will be working to discover and manage RiverStone’s immense stores of information and legacy data; unlocking value from previously inaccessible insights, and mitigating security risks associated with sensitive data at the same time.
Users will be able to access vast amounts of information needed to handle the challenges associated with complex legacy insurance liabilities, ensuring agents remain compliant in the ever changing regulatory market, and drive insightful decisions that propel RiverStone International’s planned global expansion.
Aimii has worked with multiple players in the insurance industry, having collaborated with companies such as Liberty Mutual and AEGIST.
Steve Salvin, CEO and Founder of Aiimi, said: “We’re thrilled to be building upon over a decade of experience within the insurance industry through our new partnership with RiverStone International. Renowned for their expertise in managing and acquiring complex portfolios, our partnership with RiverStone International presents an exciting opportunity for us to put the Aiimi Insight Engine to work.”
“There are unique challenges associated with managing such a vast data estate and complex legacy insurance liabilities, and valuable insights waiting to be unlocked at the same time. Our cutting-edge AI technology coupled with RiverStone International’s wealth of data hold the keys to a competitive industry edge for the firm,” he added.
