Swiss Re relies on Decentriq and Intel to improve data privacy

In a world where organizations are continuously storing and sharing sensitive data, from credit card transactions to medical records, protecting the most sensitive of assets is essential. Decentriq is providing security by encrypting applications and data everywhere – at rest, in motion and in use – with its technology. This enables organizations like Swiss Re, that have traditionally faced challenges gaining access to datasets that contain sensitive information, to extract analytical, actionable insights from this data without impacting consumer privacy.

In a proof of concept in marine insurance, Swiss Re used a shipping dataset from a supply chain data aggregator to process data where, typically, data privacy and competitive concerns have presented barriers to access. In Swiss Re’s evaluation, it found improvements in performance, time to market and security using Decentriq’s confidential computing-based platform.

Decentriq’s technology built upon Intel SGX. This collaboration allows Swiss Re to apply Intel SGX technology to its cloud services to provide new levels of protection to data in use, harnessing the industry’s most tested and most widely deployed hardware-based data center-trusted execution environment.

“As a data and technology-driven risk knowledge company, Swiss Re intends to make use of confidential computing technologies to better protect sensitive data and gain actionable insights. I’m optimistic this will continue to allow us to access and analyze data in new ways to help unlock new forms of value creation in risk protection today and in the future”, says Sebastian Eckhardt, expert business analyst, Swiss Re.

(Press release / SK)