[lg policy] Chubb Enhances Multinational Capabilities with Cutting-Edge Policy Translation Solution

Harold Schiffman haroldfs at gmail.com
Sat Mar 30 14:37:53 UTC 2019


Chubb Enhances Multinational Capabilities with Cutting-Edge Policy
Translation Solution

Policy translation feature powered by machine automated technology
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NEWS PROVIDED BY
*Chubb * <https://www.prnewswire.com/news/chubb>

Mar 28, 2019, 09:40 ET

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WHITEHOUSE STATION, N.J., March 28, 2019 /PRNewswire/ -- Chubb announced
several key improvements to its proprietary digital Worldview® platform,
adding new features and improved functionality to better serve its
multinational clients and brokers. The most notable of these enhancements
is its new policy translation solution that is exclusive to Chubb and its
current multinational customers.

"Chubb is dedicated to providing its customers and brokers with innovative
resources to help manage their global risks," said Matthew Merna, Division
President, Chubb North America Major Accounts. "As multinational businesses
steadily expand around the globe, they face recurrent regulatory,
compliance and legal considerations which continue to evolve. Chubb Global
Services provides a suite of services that enables multinational customers
to cut through many of the complexities surrounding the issuance of local
policies, paying claims, and customizing programs and services worldwide,
in a timely manner. Our new policy translation offering highlights our
continuing commitment to service innovation."

Chubb has the ability through its global infrastructure to issue policies
locally in its more than 625 offices worldwide. Many of these policies are
required to be issued in languages other than English. The local policy
translation service (available in Worldview®) is cutting-edge and enables
multinational clients and brokers to quickly gain access to English
translated versions of policies that were issued in another language.

The new translation feature is powered by machine automated technology that
utilizes Optic Character Recognition software to perform the majority of
the policy translations.

"Policy translations used to require a manual effort and took an inordinate
amount of time and expense," said Mr. Merna. "However, this translation
enhancement is now offered as a complimentary service to all of our
multinational customers who purchase a Controlled Master Program through
Chubb."


*Additional Worldview Enhancements *Other enhancements to Chubb's Worldview
platform include enhanced premium tracking functionality and proactive
renewal insights. The improved premium tracking functionality for captive
and deductible recovery programs now provides the status of all payments in
a single view. This makes seeing and reporting when premium payments have
been completed, quick and convenient – even on a global basis.

The enhanced reporting functionality provides users with a holistic view of
activity across all programs, including an "upcoming renewals" feature to
help avoid policy issuance delays. Reports are automatically delivered to
users with insights for programs renewing within the next 90 days,
including any specific requirements for activities and/or documentation
that must be completed prior to policy issuance.


*About Chubb's Worldview® Platform*Worldview® is an easy-to-use web-based
platform that provides real-time access to Chubb's systems and expertise in
one application. This award winning platform is the most powerful,
effective and transparent tool of its kind in the industry, and it is
available exclusively to Chubb clients and brokers.

For more information please visit Worldview platform
<https://c212.net/c/link/?t=0&l=en&o=2416705-1&h=1374745653&u=https%3A%2F%2Fwww.chubb.com%2Fus-en%2Fworldview.aspx%3Futm_source%3Dpr%26utm_medium%3Dpressrelease%26utm_campaign%3D2019-chubb-5000&a=Worldview+platform>
or
contact Erin Bazin, Vice President, Chubb North America Field Operations,
at erin.bazin at chubb.com.


*About Chubb  *Chubb is the world's largest publicly traded property and
casualty insurance company. With operations in 54 countries and
territories, Chubb provides commercial and personal property and casualty
insurance, personal accident and supplemental health insurance, reinsurance
and life insurance to a diverse group of clients. As an underwriting
company, we assess, assume and manage risk with insight and discipline. We
service and pay our claims fairly and promptly. The company is also defined
by its extensive product and service offerings, broad distribution
capabilities, exceptional financial strength and local operations globally.
Parent company Chubb Limited is listed on the New York Stock Exchange
(NYSE: CB <http://studio-5.financialcontent.com/prnews?Page=Quote&Ticker=CB>)
and is a component of the S&P 500 index. Chubb maintains executive offices
in Zurich, New York, London, Paris and other locations, and employs more
than 30,000 people worldwide. Additional information can be found at:
chubb.com
<https://c212.net/c/link/?t=0&l=en&o=2416705-1&h=3219146101&u=https%3A%2F%2Furldefense.proofpoint.com%2Fv2%2Furl%3Fu%3Dhttps-3A__c212.net_c_link_-3Ft-3D0-26l-3Den-26o-3D2388557-2D1-26h-3D669663067-26u-3Dhttps-253A-252F-252Fwww.chubb.com-252Fus-2Den-252F-26a-3Dchubb.com%26d%3DDwMFaQ%26c%3D9TnM8cDdIndCtQknbqO0eA%26r%3DWMehDybRHOu_NWnMWM3ifhQPn2778_Jd0_7c5O3peGs%26m%3D80cl2bfzTA4bCprMAt3PHmlVS4Z7sIqpZ_SG4LNp7jo%26s%3D8ZUtMqDou0jIjIf2p7uL2zVaJVO6LCWV1I0fiJLDK40%26e%3D&a=chubb.com>
.

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 Harold F. Schiffman

Professor Emeritus of
 Dravidian Linguistics and Culture
Dept. of South Asia Studies
University of Pennsylvania
Philadelphia, PA 19104-6305

Phone:  (215) 898-7475
Fax:  (215) 573-2138

Email:  haroldfs at gmail.com
http://ccat.sas.upenn.edu/~haroldfs/

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