Hyderabad: Property and casualty insurance company player Chubb announced the launch of its business services center in Hyderabad. This will support its global insurance operations’ information technology, digital and analytics functions. It will provide support in intelligent process automation, digital technology, data analytics, catastrophe modeling and risk management. It will commence operations with about than 50 employees initially.
The initiative converts technology, analytical and other quantitative positions currently outsourced to third-party vendors in India to full-time Chubb employee positions.
IT Principal Secretary Jayesh Ranjan was present at the announcement.
The company will also have a facility in Bengaluru. These will supplement Chubb Digital Centers of Excellence for Business and Innovation operating in other markets.
“By hiring and developing our own talent, we will have greater control over the projects we are developing to enhance the experience for our customers and business partners, introduce innovative products, streamline processes and improve efficiency,” said Sean Ringsted, Chief Risk Officer and Chief Digital Officer for Chubb.
“The talent we hire in India will be important to the teams already established in our regional technology delivery centers,” said Julie Dillman, Global Head of Operations for Chubb.
Chubb is partnering with Tetrasoft and BRIDGEi2i. “We are excited to work with our local partners to build professionals who have critical skills and can drive innovation. These are high impact jobs,” Dillman said.
In addition to the launch of the new center in Hyderabad, Chubb also announced that it will be working with T-Hub to solve business challenges through innovation and market deployment.
Chubb has operations in 54 countries and provides commercial and personal property, personal accident and supplemental health insurance, reinsurance and life insurance products.