HCL signs contract with Munich Re to transform digital ... Fernando explained that there are three points of consideration during a process of digital transformation: The digital customer. Strategy | Munich Re The IT major explained in a statement that building on its digital transformation partnership with Munich Re, the firm will modernise and standardise workplace services for more than 16,000 . Digital disruption to accelerate in 2022: Clyde & Co ... Leveraging data and technology for automation, sophistication and . Conference Director. 10/2015 - 09/2018 Bachelor of Economics (Volkswirtschaftslehre), University of Hamburg. HCL will adopt a global strategy to support Munich Re's workforce in multiple languages, including German, Mandarin, and Spanish, from near-shore locations. Interview: Digital transformation in the insurance industry. Munich RE Digital Transformation | Chief-Digital-Officers.com Data and analytics are at the heart of the digital transformation. Vineet Jha - Head of Systems Transformation - Munich ... The digital business. These are all good reasons to establish two Digital Hubs in Munich: the Digital Hub Mobility and the Digital Hub InsurTech. Areas of specialization include Digital Transformation, Solution Architecture and Program Management. He is driven to elicit the needs of the client and deliver beyond expectations. Natasha Lomas, "Munich Re buys IoT middleware startup, relayr, in deal worth $300M," TechCrunch, September 2018. Digital transformation is a continual process, and digital maturity is a moving target. Munich Re is also leading in the application of digital transformation expertise to provide our clients with better, more efficient and tailored solutions. To remain relevant and mitigate disruption, traditional companies have to engage in multiple fast-paced experiments in digital offerings—revenue-generating solutions to what customers want and are willing to pay for, inspired by what is possible with digital technologies. Three Elements of Digital Transformation. Responsible for application modernization and transformation at Munich Re Speciality Insurance (MRSI) . Requirement engineering and business process transformation in collaboration with the customer. Full-Time. It demonstrates the intended use of the APIs and enables developers to quickly create or enhance digital products. Together, AWS and Siemens plan to drive adoption of Siemens' Xcelerator as a Service and make Siemens . • Support the e-commerce payment products including credit cards and digital wallets. If you have any questions, please email us here. The digital enterprise. Insurance Wire sat down with Richard Fothergill, global head of Service Management at Munich Re Group, and Roger Bennett, practice director at CloudStratex, to discuss their recent collaboration to improve the digital competitiveness of the group through the ServiceNow partner programme. Munich Re | 211,963 followers on LinkedIn. HCL Signs Contract with Munich Re to Transform Digital Workplace Services in 40 Countries Industry News Industry Press Releases, Articles & News HCL Technologies (HCL), a leading global technology company, has signed a contract with Munich Re, one of the world's leading reinsurers, to create a next-generation digital workplace for its workforce. When an insurance CRO attends a meeting with senior management to discuss . HCL will adopt a "glocal" strategy to support Munich Re's workforce in multiple languages, including German, Spanish and Mandarin, from near-shore . . Let's RE_define what's possible. Munich Re Group - Investor Day. Paul Donnelly, executive vice president for the Emea region at Munich Re Automation Solutions, a technology subsidiary of Munich Re, says insurance CROs must take more ownership of digital transformation. WebRTC . Andreas will discuss the ways Munich Re drives cultural and technological change within their company, focusing on three key elements: people, processes, and technology. Digital transformation. As of 2020, Munich Re had launched more than seventy digital offering initiatives,[foot]Munich Re used the terms "digital products" and "digital business" interchangeably to refer to what we call digital offerings. Digital Offering Initiatives at Munich Re. Munich Re is globally active and operates in all lines of the insurance business. Today's insurers are increasingly looking to move away from traditional reactive underwriting and embrace new predictive approaches. "We're proud to have gained Munich Re as a strategic partner. • Support new product development from ideation to launch, including competitor analysis . InsuranceAsia News (IAN) recently caught up with James Park, Munich Re's chief executive for Singapore and South-East Asia. The project resulted in Executive sponsorship and approval of Munich RE North American digital transformation and system landscape project - Performed the role of Lead Data Architect to define the conceptual, logical and physical data models for Munich RE North American system landscape. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. The 2022 Digital Insurance Summit NSW will bring together claims, underwriting, operations and CX leaders from a variety of innovative organisations. It's been said that necessity is the mother of invention. At Munich Re, digital initiatives are expected to pursue new sources of revenue by addressing five domains that are strategic to the company: cyber insurance, Internet of Things industries, digital cooperation models, digitally augmented underwriting and claims, and mobility. Around 900 people pinned their wishes on our wishing tree, and all the gifts have already reached their destinations. Succeed. Scale. Siemens Digital Industries Software and Amazon Web Services, Inc. (AWS) today announced an expansion of their collaboration, which combines Siemens' deep industry expertise with cloud services from AWS to help industrial companies accelerate digital transformation in the cloud. Strategic beliefs support continuation of a measured investment and transformation path. At Munich Re, our digital solutions help manage and . For its part, Munich Re will benefit from an established "Equipment as a Service" (EaaS) model, access to established markets, a strong brand presence, and trust in the Heidelberg brand. Founded in 1880, Munich Re Group is one of the world's leading providers of reinsurance, primary insurance, and insurance-related risk solutions. "Joining forces with FingerMotion's Sapientus division in this collaborative research study adds yet another dimension to Munich Re's overall digital transformation agenda. "Building on the successes of its strategic digital transformation partnership with Munich Re, HCL will now . NEW YORK, NY / ACCESSWIRE / December 6, 2021 / FingerMotion, Inc. ("FingerMotion" or the "Company") (OTCQX:FNGR), a mobile data and services company, is pleased to announce that its subsidiary, Shanghai JiuGe Information Technology Co. With $1B AUM across four funds, Munich Re Ventures broadens approach to investing in the most innovative start-ups transforming the future . Building on the successes of its strategic digital transformation partnership with Munich Re, HCL will now modernize and standardize workplace services for more than 16,000 employees in 40 . Today, we're seeing the shift to digital sales platforms and processes rapidly accelerating. Shares of HCL Technologies surged 5 per cent to hit a new high of Rs 1,168 on the BSE in intra-day trade on Monday, after the company said it has signed a contract with Munich Re, one of the world's leading reinsurers, to create a nextgeneration digital workplace for its workforce. Digital disruption to accelerate in 2022: Clyde & Co. 8th December 2021 - Author: Matt Sheehan. The portfolio for digital business models is to be expanded jointly. It is imperative that we continue to innovate and better our practices and products in serving our customers. Munich Re's Digital Solutions is designed to help them do this by combining our deep risk expertise and data insights with our capabilities in scalable automation, analytics tools and underwriting," Cossette continued. [/foot] of which ten were on the market or about to be released. Analysts at Clyde & Co are anticipating that investment in technology will ramp up in the coming year, with potential ramifications for every aspect of insurance companies' operations, from internal processes to the products and solutions they . Building on the successes of its digital transformation partnership with Munich Re, HCL will now modernize and standardize workplace services for more than 16,000 employees in 40 countries. Life and Health insurers are at different stages and trajectories in their digital transformation journey. Munich RE Digital Transformation Digitalization is changing people's everyday lives as well as the economic environment in which companies operate. Digital transformation Digitalization offers new opportunities Added value for customers and employees. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound . The companies will actively shape opportunities in the fast-growing IoT market. Affected are for example smart devices and PCs but also vehicles or production plants. With our insurtech and disruptive partners we have helped build more than 20 insurance businesses. 4th Annual Digital Transformation for Insurance 2020. strategy. Digitalisation Digitalisation Reinventing insurance for the digital generation With Digital Partners (DP) Munich Re established a new global venture at a time digitalisation is beginning to change the face of the insurance industry. Aviva, Munich Re and Allianz have all recently set up significant venture funds to invest in early stage technology companies which will help keep them abreast of innovation and drive their The aim is to use digitalization to ensure operational excellence. In the hubs, established companies and founders work together to promote the digital transformation of products and services. So we present these as relative rather than absolute classifications. The aim is to use digitalization to ensure operational excellence. [/foot] of which ten were on the market or about to be released. Paul Donnelly, Executive Vice President, EMEA at Munich Re Automation Solutions commented on the partnership saying: "MetLife France has demonstrated it is able to adapt to the demands of digital transformation, by putting technology associated with its know-how at the service of its policyholders. According to a new update to the International Data Corporation Worldwide Digital Transformation Spending Guide, DX spending will have a compound annual growth rate (CAGR) of 16.4% over the 2021-2025 forecast period as organizations pursue a holistic digital strategy for people, processes, technology, data, and governance. The Indian IT major said that building on its strategic digital transformation partnership with Munich Re, HCL will modernize and standardize workplace services for more than 16,000 employees in . Digital insurance platform launched in just three months with Duck Creek OnDemand Boston, MA and Philadelphia, PA - May 26, 2020 - Munich Re Specialty Insurance (MRSI) has partnered with Duck Creek Technologies to modernize its technology infrastructure with a digital-first, cloud-native offering via the Duck Creek OnDemand platform. . Munich Airport creates added value for customers and employees through its targeted selection and mastery of the new technologies that come with digital transformation. He was quick to leverage strong professional connections, and provided precise information regarding regulation, local banking systems, and the logistical aspects of setting up an exchange. "It is vital for our clients to take advantage of the opportunities that the digital transformation of the industry presents. Ensuring delivery of JAVA, PL1 and configuration deliverables . That proverb was illustrated perfectly during the insurance industry's . I first met Brahm in 2011 at TradeHill to establish a Canadian partnership. Security. Digital transformation Digitalization offers new opportunities Added value for customers and employees. Multiple legacy systems. Kenneth is passionate about generating solutions to complex problems. Employees are encouraged to pitch ideas that meet those targets. 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