Driven by the values of simplicity, quality and innovation, Cumbrado has demonstrated leadership across geographies and cultures in bringing insurance into the digital age.
An executive who puts high value on communication and the empowerment of talent, Ramírez has undertaken the establishment of technology standards and digital and core transformation.
The new offering is designed to help insurers shorten claim cycles while also reducing loss adjustment expenses and minimizing liabilities and risks for field staff.
The insurer sees an opportunity to exploit the market through a simple, convenient digital experience, as enabled by the EIS’ advanced cloud-based architecture and end-to-end business capabilities.
The new solution enables the insurance industry to generate a more distinct and expansive view of hurricane risk in real-time to enhance underwriting processes and risk management.
The service’s historical weather data can help to fight fraud, speed the claims process, manage weather-related risk, and boost customer satisfaction.
The insurer calls out cloud deployment as supporting speed-to-market as a critically important business driver.
In addition to historical data, the model includes simulated extreme, but realistic events outside the historical record that could have occurred given daily atmospheric conditions experienced during recent years.
The new data distribution solution is designed to reduce claims and fraud through greater customer engagement and better available data.
In light of the impact of severe weather to insurers, a data-centric approach is a must for today’s insurer seeking to develop and launch product offers that will grow their business and resonate with customers.