P&C Insurance CIOs are embracing the cloud to realize the same benefits with their core platforms that they have seen with other systems: improved agility and scalability, greater cost transparency, the ability to move from capex to opex, and often higher levels of availability.
Watt will be based in Basking Ridge, N.J., and will report to Michael Smith, Chubb’s Global Claims Officer.
Following a planned four-month implementation for fraud detection, Assurant plans to use the AI-powered technology to identify subrogation opportunities.
Ted Stuckey, SVP, Managing Director of QBE Ventures, talks with about three recent acquisitions supporting “Brilliant Basics,” and how they fit into QBE’s broader strategy.
JTL Re reports that it will combine CyberCube with its existing cyber and enterprise modeling tools to provide unique insights to help clients manage and measure cyber risk and exposure.
Previously awarded a patent for its mechanical strain-based weather sensor, Understory reports that this secondary patent significantly lowers the costs of creating resilient weather sensors.
The specialist 35-plus strong team is tasked with accelerating the development of solutions that bridge the insurance and automotive manufacturing industries.
The U.K.-based organization selected the vendor based on its reputation, commitment to and focus on insurance claims fraud detection, and the company’s expertise in data management.
The insurer’s customers can now purchase additional protection that would apply if something were to happen to a renter or their belongings while renting all or part of the home.
The private insurance broker has replaced three legacy systems with the single system, enhancing business processes and service, while achieving greater operational efficiency.