Marcus Ryu affirmed the need for insurers to reinvent themselves along the lines of operational, digital, and data imperatives to expand the industry and address emerging risks.
The former BWT Consulting CEO joins the provider placement life insurance, captive insurance management and alternative risk transfer services at a time of growth.
The government cites ease of use, rapid implementation, and the vendor’s experience in the self-insured market as factors in choosing the system.
The company says it will use learnings from its Asia-focused projects to enhance the platform for the LifeRisk 360 mortality risk scoring initiative.
The new capability, powered by technology from Electronic IDentification, enables insurers and financial institutions to legally and securely verify the identity of new customers in just minutes.
Craddock will be responsible for identifying and managing global operational and reputational risks, while establishing the appropriate strategic priorities for Enterprise Risk Management.
JLT worked with HSCM Bermuda and MAPFRE RE to develop a bespoke risk transfer and reinsurance agreement made possible by Metromile’s innovation.
The initiative to create the world’s first marine insurance blockchain platform was undertaken in collaboration with ACORD, A.P. Møller-Maersk A/S, Microsoft, MS Amlin, Willis Towers Watson and XL Catlin.
DataCubes’ platform enables carriers to accurately quote commercial insurance policies by asking customers a few simple questions.
While insurance uses are mostly speculative at this point, AR and VR have significant potential for driving improvements in areas such as efficiency, customer experience and risk avoidance.