Axis Re introduces new head of Lloyd’s casualty reinsurance

insurancebusinessmag | June 13, 2019

AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, has announced the appointment of Joe Sweating as head of Lloyd’s casualty reinsurance. In his new role, Sweating will manage all aspects of AXIS Res casualty business at Lloyds, including portfolio strategy, new and renewal production activity and distribution from reinsurance intermediaries.

Spotlight

AI can improve productivity and help in decision making through training datasets. According to the survey of the Dataconomy, nearly 81% of 225 data scientists found the process of AI training more difficult than expected even with the data they had. Around 76% were struggling to label and interpret the training data.

Spotlight

AI can improve productivity and help in decision making through training datasets. According to the survey of the Dataconomy, nearly 81% of 225 data scientists found the process of AI training more difficult than expected even with the data they had. Around 76% were struggling to label and interpret the training data.

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INSURANCE TECHNOLOGY

Accelerate, Powered by NetVU: Shaping the Future of the Insurance Business

NetVU | March 28, 2022

Major insurance players will soon gather at the Mile-High City for the first in-person conference of the Network of Vertafore Users in three years. Their purpose is to connect with peers, forge ideas and learn to harness technology and data to empower the industry. The program will focus on industry trends shaping the future of insurance communications. Accelerate, powered by NetVU, will be held at Colorado Convention Center, 700 14th Street in Denver, Colorado, from March 28–31, 2022. Denver is home to Vertafore® headquarters. The conference will feature two keynote addresses, pairing a rock star in the insurance tech space with an honest-to-goodness rock star. Vertafore CEO Amy Zupon will be the keynote speaker on Tuesday, March 29, talking about the future of the independent insurance channel and the company’s latest innovations. Rock star drummer Mark Schulman will be the featured keynote speaker on Wednesday, March 30. He has toured and worked with P!nk, Cher, and Billy Idol, among other internationally known performers. What can a rock star bring to an audience of insurance professionals? A new approach to personal and professional growth. Schulman believes in working with passion and fun, and he’ll help us to embrace change.” Rick Fox, vice president and head of agency sales at Vertafore. Accelerate, powered by NetVU, is the foremost learning and networking event for members of the independent agent and broker system who use Vertafore technology. It’s where insurance professionals propel their industry forward through education, connections and personal career growth. It is open to all NetVU members and special guests. For more information and to register, visit Accelerate, powered by NetVU. About NetVU The Network of Vertafore Users (NetVU) is an independent, national member organization committed to providing industry advocacy, world-class education, and networking to more than 20,000 insurance agencies, over 1,000 carriers, and 23 state governments. NetVU’s members reside in every state and are supported by over 35 local and virtual chapters led by members. About Vertafore As North America’s InsurTech leader for more than 50 years, Vertafore is modernizing and simplifying the insurance life cycle so that our customers can focus on what matters most. Vertafore’s solutions provide end-to-end connectivity across the distribution channel, improve the client and agent experience, unlock the power of data, and streamline essential workflows to drive efficiency, productivity, and profitability for independent agencies, MGAs and carriers.

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ANNUITIES

Unqork Expands Strategic Alliance with SE2

Unqork, SE2 | December 22, 2020

Unqork, the leading enterprise no-code platform, today announced an expansion of its strategic partnership with SE2, a life and annuities insurance technology and services firm, to use the Unqork platform as a feature of its pre-incorporated, end-to-end life and annuity digital ecosystem. This partnership will empower SE2 to offer life and annuity insurance carriers a suite of solutions to streamline and modernize across the whole strategy lifecycle. "SE2's partnership with Unqork provides insurers with a pre-built and fully integrated ecosystem, now with the added benefit of Unqork's no-code platform, to drive efficiencies and cost savings for insurers," said Mark Schultis, CEO, SE2. "I'm excited to partner with Unqork and jointly accelerate the digitization efforts of the insurance and retirement solutions industry." SE2 has utilized Unqork's absolutely visual, intuitive no-code platform alongside the SE2 Aurum® digital platform to additional improve its insurance ecosystem for supporting the whole arrangement lifecycle, from beginning, new business, however strategy administration, servicing, claims, and payout. Together, SE2 and Unqork have made industry-specific digital capabilities needed for the end-to-end transformation of life and annuity insurance carriers. These capabilities support all distribution channels, including direct-to-consumer for both digital self-service and back office processing. "Our partnership is driving the much-needed replacement of legacy systems and accelerating the trend towards automation and digitization in the life insurance and retirement solutions industry. Unqork's no-code platform is uniquely positioned to address this need in the market," said Rabih Ramadi, Head of Financial Services, Unqork. "Joining forces with an industry expert like SE2 provides an opportunity to showcase the real power of our platform and to build fully digital experiences for insurance carriers and the clients they serve." About Unqork Unqork is the industry pioneer no-code enterprise application platform that helps large companies build, deploy, and manage complex applications without writing a single line of code. Organizations like Goldman Sachs, Liberty Mutual, the Cities of New York and Washington, DC and Maimonides Medical Center are using Unqork's drag-and-drop interface to build enterprise applications faster, with higher quality, and lower costs than conventional approaches. About SE2 SE2, an Eldridge business, is a life and annuities insurance technology and services firm. SE2 has a proven track record of enabling technology driven transformations. SE2 uniquely combines industry knowledge stemming from its 125+ years of life insurance heritage along with its end-to-end SE2 Aurum® technology platform to enable the rapid launch of new and innovative products through both traditional as well as digital channels. SE2 currently administers nearly 2 million active policies on behalf of its 25+ clients. SE2 has over $100 billion in assets under administration and handles more than 200,000 new business applications annually.

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CORE INSURANCE

Woodruff Sawyer Announces Bill Urick to Lead Northern California Employee Benefits Practice

Woodruff Sawyer | February 10, 2022

Woodruff Sawyer, one of the largest independent insurance brokerages in the US, announced Bill Urick has joined the company to lead the Northern California Employee Benefits Practice. Bringing over 35 years of Commercial and Benefits brokerage experience to the role, Bill most recently led a large Healthcare Benefits Practice in California for a division of Assured Partners and held previous leadership roles at Johnson & Higgins, Marsh and A.J. Gallagher. As Northern California Employee Benefits Practice Leader, Bill will be responsible for the growth and profit of the Northern California Benefits Practice, developing and attracting talent, and service excellence for clients. "We are thrilled to have Bill's industry experience, client focus and people leadership at a time when there are big market shifts. His fresh perspective will help us move faster to set Woodruff Sawyer apart." -Kathy Prosser, Woodruff Sawyer Senior Vice President and National Employee Benefits Practice Leader About Woodruff Sawyer As one of the largest insurance brokerage and consulting firms in the US, Woodruff Sawyer protects the people and assets of more than 4,000 companies. We provide expert counsel and fierce advocacy to protect clients against their most critical risks in property & casualty, management liability, cyber liability, employee benefits, and personal wealth management. An active partner of Assurex Global and International Benefits Network, we provide expertise and customized solutions where clients need it, with headquarters in San Francisco, offices throughout the US, and global reach on six continents.

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