Chubb Seeks New Levels of Agility Through IBM Cloud Infrastructure Deal

The insurer cites its commitment to an IT environment that will enable it to adapt quickly to market changes and deliver an as-a-service model enabling quality services to clients.

(Image credit: Greg Lundeen.)

Chubb (Warren, N.J.) has engaged IBM (Armonk, N.Y.) for a multi-year services agreement to consolidate and integrate the company’s IT infrastructure following ACE Limited’s (Zurich) January 2016 acquisition of The Chubb Corporation. The companies declined to share the terms of the contract.

Chubb’s stated goals for its IT infrastructure include enhancing productivity and adopting a more agile environment securely designed to further enhance the user experience, deploy services to its customers faster, increase speed to market, and achieve greater overall cost efficiency.

Adapting Quickly to Market Changes

Kevin Shearan, VP and Group CIO of Chubb.

Kevin Shearan, VP and Group CIO of Chubb.

“One of the attributes that defines Chubb is the exceptional service it delivers to clients and distribution partners,” comments Kevin Shearan, VP and Group CIO of Chubb. “We’re committed to an IT environment that will enable us to adapt quickly to market changes and deliver an as-a-service model that will enable us to continue provide clients with the services they deserve.”

Key capabilities to be delivered under the terms of the agreement include IBM Cloud offerings for the z Systems mainframe and development and test environments; cloud storage to archive critical data long term; and IBM Security Services, according to the vendor.

“One of the attributes that defines Chubb is the exceptional service it delivers to clients and distribution partners,” comments Kevin Shearan, VP and Group CIO of Chubb. “We’re committed to an IT environment that will enable us to adapt quickly to market changes and deliver an as-a-service model that will enable us to continue provide clients with the services they deserve.”

IBM touts the deal as demonstrating the IBM Cloud’s ability to integrate and consolidate various environments and accommodate the complex nature of a major merger. The vendor pitches the IBM Cloud as providing clients with the opportunity to adjust to faster industry cycles without increased IT investment.

Business Benefits of Hybrid Cloud Environments

“This agreement demonstrates how global organizations are utilizing hybrid cloud environments to quickly integrate business-critical data and applications to achieve their business objectives,” comments Philip Guido, General Manager, IBM Global Technology Services, North America. “Today, companies are looking for technology partners that understand the dynamics of their respective businesses and help them deliver innovations and business outcomes that have a positive impact on their business performance.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For over a decade he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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