Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Liberty Mutual Enhances Commercial Insurance Underwriting through Mastery of Big Data, adding more value to Brokers and Buyers

Posted On: 2019-12-06 13:49:21

Liberty Mutual's National Insurance operation - which provides a full range of primary commercial insurance products and services to mid-size and large companies through brokers - is working with Intellect SEEC to harness the power of big data to more proactively identify target opportunities with individual brokers, and develop solutions for customers.

Through the relationship, Liberty Mutual underwriters and risk managers gain automated access to thousands of third-party data sources including, court filings, industry data, government records, and social media content. With deeper insights into risks, underwriters are can rapidly leverage information to better understand risks and create product solutions that help customers better manage their exposures. Intellect SEEC cleans and structures this data to automatically deliver actionable information needed to more quickly identify, underwrite, and service potential accounts.

"This approach benefits brokers in in three important ways," notes National Insurance Product & Underwriting Strategy Vice President Kelly McLaughlin. "First, it enhances our ability to understand each potential buyer'sservice and product needs, helping them better manage their risk. Second, by providing an ongoing window into an account, we can identify new needs and work with the broker to suggest customized coverage options and solutions to meet changing business needs. Finally, access to such a deep source of information on individual companies lets us partner with brokers to proactively identify the specific businesses in their portfolio where we can add value."

Pranav Pasricha, CEO of Intellect SEEC added, "While there has been a lot of hype in the Industry about AI and Big Data in recent years, there have been very little results to show that make the insured better and the industry more efficient. In partnership with an innovative insurer like Liberty Mutual, we have been able to deliver that win-win-win for customer-brokerinsurer."

Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.152 as compared to the previous close of Rs. 151.9. The total number of shares traded during the day was 4803 in over 172 trades.

The stock hit an intraday high of Rs. 152.8 and intraday low of 150. The net turnover during the day was Rs. 727035.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Z F Steering Gear India Ltd Q3 loss at Rs. 1.12 crore

U.S. FDA completes inspection of Lupin's Vizag API facility

Chalet Hotels Limited enters definitive agreement to acquire Novotel Pune Nagar Road Hotel

GMR Airports Limited to develop, operate, manage Duty-Free outlets at Kannur International Airport

Clarivate Analytics acquires Decision Resources Group, Creating a Leading Global Provider of Data-Driven Solutions to the Life Sciences Industry

CAPED Trust India in association with Indraprastha Gas Ltd. is organizing screening and awareness sessions in Bisrakh, Greater Noida in Cervical Cancer Awareness Month

Saregama launches Carvaan GX01 Earphones in India

Airtel rolls out an Exclusive Shopping Experience for Airtel Thanks customers in partnership with Future Group

SC allows Mideast Integrated Steels Ltd to sell 23,51,027.83 T of iron ore

ATV Projects India Ltd posts net profit of Rs. 1.05 crore in Q3 FY2020

Ashirwad Steels & Industries Ltd Q3 net profit at Rs. 0.28 crore

Aarnav Fashions Ltd Q3 PAT at Rs. 0.91 crore

Banaras Beads Ltd reports net profit of Rs. 0.42 crore in Q3

Blue Dart Sales at Rs. 855.64 crores for the Quarter October - December 2019

L&T Finance Holdings Ltd consolidated Q3 net profit up at Rs. 591.03 crore

RIL Q3 FY20 consolidated PAT at Rs. 11640 crore

Country's best-selling multi-purpose van Maruti Suzuki Eeco is now BS6 compliant

Aegon Life Insurance Company partners with Saksoft to accelerate digital transformation

CRISIL Rating on the Rs.5000 Crore Infrastructure Bonds of Axis Bank Limited

Capri Global Capital Ltd to divest stake in ARC arm

Mahindra First Choice Wheels Ltd to acquire www.carandbike.com

Mercator Ltd has sold vessel for Rs. 49.54 crore

Yash Chemex Ltd to apply for IPO of Hindprakash Industries Ltd

HCL Technologies Ltd Board approves Dividend of Rs. 2 for FY2019-20

TCS board declares third interim dividend of Rs. 5 for FY2020

United Drilling Tools Ltd launched truck mounted winch with crane

APL Apollo Tubes Limited approves allotment of Commercial Paper of Rs 20 Crores

Quick Heal Technologies Ltd gets favorable verdict from CESTAT

Acrysil Limited Signs An Agreement With Farah Ali Khan For Brand STERNHAGEN

IOB files insolvency application against Ramky Infrastructure subsidiary

HCL Technologies Ltd posts consolidated net profit of Rs. 2944 crores in Q3 FY20

L&T Technology Services Ltd reports consolidated PAT of Rs. 204.1 crore in Q3

TCS Q3 FY20 consolidated PAT at Rs. 8118 crore

AVANTEL Ltd Q3 net profit at Rs. 2.90 crore

Accel Ltd to acquire 75% of Computer Factory India Pvt. Ltd.

Piramal Divests its DRG Business for US$950 Million

Rubfila International Ltd to acquire 50% of Premier Tissues India Ltd

QGO Finance Ltd to raise Rs. 11 crore through NCDs

AMAL Ltd Q3 net profit at Rs. 1.36 crore

Trident Limited received 'TEXPROCIL Export Awards 2018-2019'

Manomay Tex India Limited wins TEXPROCIL Export Award 2018-19

Apollo Micro Systems Limited bags order of Rs. 18.10 crores

Kalpataru Power Transmission Ltd successfully commissions element 1 of Alipurduar Transmission Ltd

Srikalahasthi Pipes Ltd commences commercial operations of ferro alloys unit

Karnataka Bank's net profit at Rs. 123.14 crores in Q3 FY2020

Rallis reports positive performance with Consolidated Revenues at Rs. 534 Crores, up 28% QoQ Consolidated PAT at Rs. 38 Crores, up 177% QoQ

5paisa Capital - Income for Q3FY20 at Rs. 2,678 Lakhs (up 48% y-o-y), and for 9MFY20 at Rs. 7,289 Lakhs (up 83% y-o-y)

The Hon'ble Supreme Court of India lifts suspension of the Environment Clearance on GMR Goa International Airport

Bharti Airtel evaluates filing curative petition on AGR verdict

CARE reaffirms FD rating of Gillanders Arbuthnot and Company Limited







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019