IBM has released a statement that revealed that Ceska Pojistovna A.S., the largest Czech Republic insurance company, is using the predictive approaches from smarter computing at IBM in order to take preemptive action against IT problems and to provide its core business functions – for example, customer management and claims processing – with greater support. By using the technology from IBM, the insurer has managed to reduce its overall yearly IT maintenance costs by $500,000, while at the same time achieving an improved online reporting ability for business customers, and…
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Auto insurance in China now includes Swiss Re and Munich Re
With the goal of growing their premiums, both Munich Re and Swiss Re Ltd. have announced that they are headed into China to assist local auto insurance companies in the writing of a greater amount of coverage within the largest auto market on the planet. The world’s second largest reinsurer, Swiss Re, has already stated that the premiums in China for the first two quarters have exceeded $1 billion, which is significantly higher than the $885 million that was seen by the same time last year. According to the Munich…
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