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Davies snags new COO | Insurance Business Canada



Davies snags new COO | Insurance Business Canada















Veteran IT and operations head steps into newly created role

Davies snags new COO

Insurance News

By
Ryan Smith

Davies, a specialist professional services and technology firm serving insurance and highly regulated markets, has announced the appointment of Jen Morrissey (pictured above) to the newly created position of group chief operations officer. She will be based in the US.

Morrissey has more than 20 years of experience in leading global strategic information technology and operations in the risk management and professional services sectors, Davies said. Prior to joining Davies, she served as chief information officer at Union Risk Advisors. Morrissey also previously served in roles at Willis Towers Watson and Electronic Data Systems.

In her new role, Morrissey will oversee Davies’ global technology, transformation, M&A integration, procurement and real estate functions. She will report directly to group CEO Dan Saulter.

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Technological innovation Management Insights: Insurance policies Deep Dive

Viewed historically as a expense centre and an outsourceable utility, a company’s technologies capabilities are more and more viewed by insurance policy small business leaders as critical enablers of organization approach, essential for rapid scaling, unlocking new earnings streams, getting rid of inefficiency and working in an increasingly complicated regulatory environment.

There is an acute require for companies to reposition technologies alongside other strategic functions to provide fresh imagining into how their technological innovation capability is organised and led. To do this productively, businesses will need exceptional expertise.

We analysed the condition of know-how management throughout the British isles coverage sector from the perspectives of government positioning, gender fairness, tenure and technology leadership pathway. Our investigate encompassed Chief Info and Main Technologies Officers from over 50 coverage organizations spanning the lifetime, common insurance coverage, wholesale and broker sectors.

Critical Conclusions

Positioning

35% of organizations in our sample have appointed engineering

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LexisNexis Chance Answers Boosts Video game-Shifting Household Insurance coverage AI Resolution Flyreel to Expedite and Enhance the Household Underwriting Procedure

U.S. house insurers can now a lot more easily capture, prioritize and act on appropriate house challenges to help significantly strengthen underwriting effectiveness

ATLANTA, March 9, 2023 /PRNewswire/ — To handle soaring decline ratios and workforce issues, LexisNexis® Chance Remedies has announced enhancements to LexisNexis® Flyreel®, the insurance plan info and analytics leader’s the latest acquisition that utilizes artificial intelligence (AI) and device discovering to help self-company residence inspections. With these enhancements, U.S. insurers can now configure the Flyreel AI remedy with their personal underwriting tastes. The AI remedy is then able to aid expedite the underwriting process by capturing and assessing done house surveys and inspections, using proprietary laptop or computer vision technological innovation to highlight important dangers in alignment with every carrier’s exceptional threat appetite.

With this no-code enhancement, insurers can prioritize hazards based mostly on their needs and choices even though decreasing the amount of time

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Evolving Organization Risk Drives Embrace of New Insurance Tech

The fiscal safety and safety that insurance policy supplies is vital to all corporations and the present day financial system, specifically in disruptive moments.

Any range of hazards can threaten the fiscal viability and survival of a enterprise, and insurance plan can help to mitigate all those threats and make financial impacts extra predictable and as a result survivable. Without insurance coverage, a common party these as a truck accident, a flood, or litigation could set an company out of business enterprise – or put a sizeable dent in profits.

Small business leaders and business people count on industrial insurance policies as an crucial ingredient of their company chance arranging. These include common lines this sort of as commercial automobile, basic legal responsibility, and directors’ and officers’ insurance plan. To place the magnitude of the benefit that insurance plan security presents into perspective, think about that insurers hold much more

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