Global re/insurer, Chubb has announced the launch of Chubb StudioSM, a new platform that aims to streamline the distribution of the company’s insurance products through its partners’ digital channels around the world.
Chubb believes the system will benefit its partners in retail, e-commerce, banking, fintech, airline, telecommunications and other industries by adding digital insurance options to their own product and service offerings.
Sean Ringsted, Chief Digital Officer and Chief Risk Officer at Chubb commented: “Chubb Studio provides significant speed-to-market for our partners and offers a secure and scalable platform with multiple APIs to simplify the process. What once took months can now be accomplished in days.
“It’s what we call ‘insurance in a box.’ Chubb handles the insurance stuff such as underwriting and claims that is then digitally wrapped by Chubb Studio, allowing partners to rapidly deploy insurance solutions to their customer base. The new platform provides a full range of integration options for our partner companies – from a website to a widget to deeper in-path deployments.”
He continued: “Retailers, mobile networks, banks and other companies are looking for ways to be vital, relevant and deliver a differentiated experience and more value to their customers,” Mr. Ringsted continued.
“Chubb Studio offers our partners a simple and frictionless way to offer insurance within their ecosystems, providing them with a competitive edge in their respective markets. The combination of our product breadth, underwriting capabilities, claims service and global presence locally has given Chubb an unmatched ability to secure, service and grow partnerships with leading brands.”