"We are continuously focused on identifying new and emerging technologies that will further enhance our risk management expertise, streamline processes, improve productivity and efficiency, and make for a better overall experience for our customers and agents," says Greg Toczydlowski, executive vice president and president of Business Insurance at Travelers, in an email.
The data ecosystem, built on Google Cloud, will use artificial intelligence and analytics to give
"Google Cloud's world-class data science capabilities will significantly enhance our efforts and provide us with an even more granular understanding of the risks we're evaluating at a faster pace," said Toczydlowski, in a statement.
Early pilot results from the two companies reveal that the process will likely reduce the amount of time to complete an underwriting file for a commercial insurance quote from weeks to perhaps minutes for large and
"Insurance companies are rich with proprietary data, but there's an abundance of new and developing