American property and casualty insurer Chubb has revealed plans to open business service centres Hyderabad and Bangalore in Indian to offer technological support to its clients.
Named Chubb Business Services – India, the facilities are expected to be functional by the end of the year.
Chubb said that its India-based centres will focus exclusively on business support services for the expanding technology and actuarial functions.
Additionally, the centres will provide digital technology, intelligent process automation, data analytics and others services including catastrophe modelling as well as risk management.
At the outset, the facilities will have a team of 100 technical professionals which will grow as per the demand of the future business needs.
These centres will support Chubb Digital Centers of Excellence for business and innovation already functioning in Jersey City, New Jersey; Miami, Florida; and Singapore.
Chubb chief risk officer and chief digital officer Sean Ringsted said: “One of Chubb’s strategic priorities is to transform our company to be truly compelling in a digital age.
“To further advance our progress, we need internal talent capable of executing our digital technology and analytics work at the pace and scale that the business is now seeking. That includes building and expanding critical digital skills and expertise in data analytics, machine learning, quantitative sciences and intelligent process automation.
“By hiring and developing our own talent, we will have greater control over the capabilities and projects we are developing to enhance the experience for our customers and business partners, introduce innovative products, streamline processes and improve efficiency.”
Additionally, Chubb will partner with T-Hub, an India-based public/private partnership involving the government of Telangana, to solve business challenges using innovation and market deployment.