Beazley has unveiled its new multi-disciplinary digital business unit. Headed up initially by COO Ian Fantozzi, the new unit will build on Beazley’s already strong foundations in e-trading, and will bring together its established, product-specific online trading portals, including the myBeazley platform.
Beazley Digital will also be responsible for developing new underwriting and risk management solutions using the latest advances in data and technology.
Ian Fantozzi said: “Beazley's digital business unit represents a natural progression for Beazley that will enable us to leverage digital technology to deliver enhanced value to brokers and clients alike – and to re-imagine the insurance relationship and value chain. We have invested in digital trading over several years, building a comprehensive suite of specialist products that provide low or no touch insurance solutions for small businesses, with a rapidly expanding global reach.
“By sharpening our focus and strengthening our digital strategy we’ll be quicker at building slick, end-to-end solutions that instil confidence in our business clients and brokers, freeing them from unnecessary risk to focus on what they do best and to thrive.”
Andrew Horton, Beazley CEO, said “Demand for e-traded underwriting solutions has grown significantly over the past 12 months, accelerating our own digital transformation programme. We have reached a pivotal point in this journey where we want to sharpen our focus by building a multi-disciplinary team that brings together IT and underwriting excellence, dedicated to expanding and honing our digital distribution and e-trading strategy. I am very pleased Ian Fantozzi has agreed to lead this team. As COO for the past nine years, Ian has demonstrated skilful leadership in managing cross-functional projects to drive change within Beazley and as part of broader London market transformation projects."
Ian Fantozzi will remain as Beazley’s COO, a role he has held for more than nine years, until a successor is appointed. He will continue to report to Andrew Horton, Beazley CEO.
Latest News
-
Howden confirms Aston Lark acquisition
-
VIEW: Global supply chain losses “unquantifiable and unsustainable”
-
Flood insurance providers urged to register for new industry directory
-
Allianz: BI and recovery main causes of financial loss following ransomware attack
-
Canopius appoints group COO
-
Beazley launches Lloyd’s first ESG syndicate
Financial institutions were early adopters of cyber security and insurance. Are they still on top of the game?
Managing huge amounts of sensitive data online makes financial institutions a prime target for hackers. As such, the sector was an early cohort for insurers in creating cyber cover. Since then, the market has evolved almost beyond recognition. It continues to challenge itself to this day, complying with rigorous regulatory demands and implementing avant-garde enhancements to keep abreast of the ever-changing risks. Published June 2021
Manufacturing: An industry at risk amid great technological change
Of the many sectors of business, manufacturing companies are among the most at risk from cyber threats. How has the sector evolved to make it so vulnerable and what does the task of managing cyber exposure in a manufacturing company look like? CIR’s latest podcast with Tokio Marine HCC sought to answer all these questions and more. Published April 2021
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories