Open GI London has been chosen as the preferred partner to distribute cyber insurance underwriting agency Cyber Assist's, range of cutting-edge cyber solutions. Cyber Assist's products have been developed with Novae and other security tech providers, and will be available via the Trader for Underwriting platform.
As the incorporation of black boxes in cars becomes the norm, the tracking and transmittance of large amounts of information about driver behaviour can be gathered, potentially changing the motor insurance industry as we know it - forever.
The promised management buy-out has now been completed by Open International's management team, the holding company of Open GI, PowerPlace and Open GI London, by acquiring the business from the incumbent private stakeholders. Investment will be provided by Montagu Private Equity.
We take a look at how insurers and underwriters can use the vast amounts of valuable data generated by their own businesses to create better services, meet customer needs, detect fraud, and manage claims.