Chubb said it beefed up its family office portal with a number of new features. LexisNexis is hoping to propel global expansion of insurance telematics with the addition of a multi-language capability to a key product platform. The Hartford launched a new digital benefits administration and enrollment program for small- and medium-sized businesses.
Chubb said it has beefed up its family office portal to help family office managers more quickly and efficiently run risk management and insurance needs of high-net-worth clients operating family officers in the United States.
As Chubb notes, family offices help successful families manage their investments and trusts, and also provide personal day-to-day services such as arranging travel plans, managing household staff and legal affairs, and coordinating philanthropic endeavors.
Enhancements added to Chubb’s family office portal include new dashboard features, an improved research and navigation tool, enhanced drill-down capabilities, and improvements in automated data query.
LexisNexis Risk Solutions added a new multi-language capability to its Global Telematics Platform for global insurers.
The added element is designed to help insurers improve their speed to market in each territory while having a consistent platform across different geographical regions.
LexisNexis is pitching the new feature as something that can help expand the global expansion of telematics, as insurers seek to leverage insights gained from telematics technology to improve ratings and reduce claims losses. The global telematics market should grow more than 22 percent annually between 2017 and 2025, according to statistics cited by LexisNexis in its news release.
The Hartford launched a new digital benefits administration and enrollment program for small- and medium-sized businesses.
Dubbed Employee Choice Benefits, the product, developed with Maxwell Health, offers employers access to a comprehensive online system for employees to enroll in and manage all their employee benefits needs.
The Hartford plans to offer products on the platform including life insurance, short- and long-term disability, and also voluntary benefits such as critical illness, accident and hospital indemnity. Employees will also have access to benefit options from other providers including medical, dental, vision, and financial benefits including health spending accounts.
Sources: Chubb, LexisNexis, The Hartford