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Who’s using what in P&C insurance: Jan. 8, 2018

Industry technology news from AXIS, American Family Insurance, Sapiens, Johnson & Johnson Insurance, ABD, Intellect SEEC, CUNA Mutual Group, Western Reserve Group, Assurant, and more.

By PC360 Staff | Updated on January 08, 2018
American Family Chairman and CEO Jack Salzwedel says, “We have significantly invested in our technology platforms and data and analytics in the past three years.” (Photo: iStock)

AXIS Capital Holdings Limited announced today that it has received authorization from Lloyd’s for AXIS Managing Agency Ltd to commence management and oversight of Novae Syndicate 2007 and SPS 6129. The authorization became effective January 1, 2018, and creates a single managing agent structure for AXIS’ operations at Lloyd’s. AXIS Syndicate 1686 and Novae Syndicate 2007 underwrite specialist classes that include marine, cyber, energy, aviation, terrorism, construction, property, casualty, political risk and political violence, professional indemnity, and reinsurance, among others.

American Family Insurance plans to accelerate its digital transformation, including its use of data, advanced analytics and artificial intelligence (AI) through its recent acquisition of the Chicago-based data and analytics software company, Networked Insights. “We have significantly invested in our technology platforms and data and analytics in the past three years,” American Family Chairman and CEO Jack Salzwedel said in a statement about the acquistion. “This acquisition and others strengthen our best-in-class agency distribution by bringing best-in-class digital and data capabilities, providing our customers with both expertise and convenience.”

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