XL Group, Cognizant Team Up to Transform Risk Consulting Operations

Cognizant

and XL Group plc's ("XL Group") global insurance operations today announced the development of a new mobile-enabled risk engineering platform that will transform and maximize risk assessment operations for Global Asset Protection Services (GAPS), XL Group's property loss prevention services business. Designed as a subscription-based service, the platform will deliver a superior customer and colleague experience, while improving the quality, speed, accuracy, and productivity of risk consulting operations. Using the new platform, XL Group's underwriters and clients will receive actionable information in near real-time to help them make more informed decisions, while managing risk and reducing losses more effectively. Besides delivering an improved view of complex risks to underwriters and customers, the platform will provide powerful mobile tools for XL Group's risk engineers to quickly and seamlessly access, capture, and analyze critical data. By enabling risk engineers to stay engaged with clients continuously and free up more time for consultation, the platform will facilitate stronger collaboration between clients and engineers. Additionally, it will improve throughput, cost-effectiveness, and turnaround time from data capture to