Tagged in Zurich

Zurich and Ageas implement AI in Claims

The Swiss insurer has been using robots since March to speed up its claims processing. On accuracy. “Accuracy has improved. Because it’s machine learning, every new claim leads to further…

#Zstrategy: Zurich now top three global travel insurance provider

Zurich announced it has completed the acquisition of Cover-More, the Sydney-based travel insurance and assistance solutions company, for about $551 million. “Cover-More is an excellent business and an excellent fit. It represents…

In the era of cybercrime, mitigating fraud is a must

“We have worked closely with Zurich to tailor the solution to meet their needs in terms of rapid deployment and highly accurate and automated detection of fraudulent claims, while ensuring…

Insurers embracing the connected home concept

Earlier this week, RSA announced a partnership with HomeServe around its smart leak detector. Recall insurers embracing IoT players .

Several insurers join the blockchain initiative B3i

Blockchain Insurance Industry Initiative, also referred to as B3i, is now 15 members strong . The initiative was launched in October 2016, with the goal of accelerating blockchain innovation and adoption…

A word with Zurich’s Chief Risk Officer

“We will cut that back and be more focused” – chief risk officer at Zurich, Cecilia Reyes, says it’s hard to realize the benefits from these tech investments hence the insurer’s plans…

Super Mario Solo

Zurich’s Group Chief Strategy Officer is officer no more. According to finews.com, Claudio Gienal has left Zurich. That’s a bit of sad news for CEO Mario Greco, which tapped him last April to lead…

Fukoku Mutual invests $1.7 million in IBM Watson

Japanese life insurer Fukoku Mutual is investing $1.7 million in a Watson-based system that will process payment assessments . Specifically, the system will be tasked with reading medical certificates and policy clauses to…

Artificial Intelligence Startups & Their Insurance Partners

“But in the next 10 years, we will shift to a world that is AI-first” – Google CEO Sundar Pichai says it is no longer about being mobile-first. Recall AI startups…

Zurich to purchase Australia’s Cover-More

Australia’s travel insurance provider, Cover-More Group announced it had agreed to a $551.16 million takeover offer from Zurich. Cover-More, is an Australian travel insurance intermediary with quite a bit of offices…

“It’s a wonderful world”

“It’s a wonderful world”, said Zurich CEO Mario Greco on Bloomberg TV. Greco, who took over in March, is optimistic about the future and the role technology plays in bringing insurers and customers…

5 insurers and reinsurers launch a blockchain initiative

Allianz, Aegon, Munich Re, Swiss Re and Zurich announced the launch of a new initiative called Blockchain Insurance Industry Initiative, or B3i for short, with the goal of providing a meeting…

‘Nuclear’ Verdicts Keep Insurers Away From Most For-Hire Fleets

“A string of so-called ‘nuclear’ verdicts, where juries award tens or even hundreds of millions of dollars to families of accident victims, have made the financial consequences of those crashes…

Gone Till November

Zurich’s newish CEO Mario Greco says he will have a newer, better strategy come November. Mario is trying to improve profitability by cutting jobs, selling assets, being pickier on what the company insures…

Zurich and Cocoon are exclusive

Bottom Line: UK customers can purchase Cocoon’s smart device, which uses Subsound tech to sense activity throughout the home, at a discounted premium and also receive a 10% discount on their home insurance by Zurich. If…

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