XL Catlin has developed a broad coverage plan designed to help address emerging risks and heightened security threats. Willis Towers Watson released an updated version of “Unify,” its systems integration and workflow platform, in response to new requirements in the UK stemming from Solvency II regulations.
XL Catlin has launched “Protect and Assist,” its accident and health insurance coverage to help UK businesses protect their people and meet their duty of care in the face of emerging risks and heightened security threats.
Protect and Assist offers global coverage and works by combining comprehensive personal accident and business travel insurance with a wide range of support and response services designed to reduce and prevent risks before people travel; provide assistance and support to people where and when they need it; and to give insurance cover when things go wrong at home or abroad, with personal accident and travel insurance.
The policy covers death or permanent or temporary disablement. The solution is for all employees, with no pre-existing conditions exclusion, and coverage is available for all trades, occupations or activities. Additionally, XL Catlin said, small baggage and money losses are usually settled within 24 hours.
A key feature of Protect and Assist is that clients can effectively build their own solution by cherry picking from the services and coverages that XL Catlin has made available, said the company.
XL Catlin will also be launching Protect and Assist in Spain and Italy shortly.
Willis Towers Watson has released an updated version of “Unify,” its systems integration and workflow platform.
Unify 2.0 introduces new features in response to the tightening of reporting timescales under Solvency II, which continue to pressure insurers to process vast amounts of data more quickly and accurately, with more rigorous governance, while coping with limited in-house resources, the company said in a statement.
Unify 2.0 builds on the launch of Unify in 2015, which was designed to help insurers integrate their financial modeling and reporting applications into an automated and governed process, the company said, noting that the next generation of the Unify platform “sees significant performance and ease of use improvements.”
Unify 2.0 enables insurers “to substantially reduce the working day timetable and the resources required to perform their regular reporting,” Willis Towers Watson said.
Sources: XL Catlin, Willis Towers Watson