JLT Specialty USA Partners With Altumai to Develop Insurtech Worker Compensation Solutions in the Food/Ag Industry
June 12 2017 - 08:00AM
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson
Group plc. (LSE:JLT), one of the world’s leading specialty-focused
providers of insurance, reinsurance and employee benefits related
advice, brokerage and associated services, is partnering with
Altumai, a pioneer in IoT driven, advanced analytics enabled
solution development, deployment and commercialization to develop
solutions to reduce worker injuries in the food/agriculture
industry.
The agricultural industry is facing many challenges; increasing
regulation, weather volatility and a changing and reducing
workforce. These challenges are compounded by the additional
necessities of ensuring worker safety and minimizing injury and
long-term health consequences of a physically demanding job.
The development of wearable devices is providing an opportunity
to capture data that can be used to further understand the
situations that lead to worker injury and illness related to the
daily work tasks. JLT is working with Altumai to assess available
solutions for their immediate and longer term potential to the
agricultural industry and to develop recommendations and risk
transfer solutions.
“Wearable technologies, analytics, and IoT are converging to
create a unique opportunity to reduce worker compensation risk and
improve worker safety,” said Douglas Turk, Chief Marketing Officer
at JLT Group. “We are thrilled to be working with Altumai in
this developing new world of IoT and Insurtech.”
“Technology enabled solutions are providing the opportunity to
capture significant value by offering capabilities that provide
step-change improvements in risk modeling and transfer, fraud
prevention, cost mitigation and worker health and safety,” said
Lars Skari, Managing Partner, Altumai. “We’re excited to be working
with JLT, a leader and forward thinker in this space and to drive
real benefits to workers and growers alike.”
NOTES TO EDITORS:
About Jardine Lloyd Thompson (JLT.L)Jardine
Lloyd Thompson is one of the world’s leading providers of
insurance, reinsurance and employee benefits related advice,
brokerage and associated services. JLT’s client proposition is
built upon its deep specialist knowledge, client advocacy, tailored
advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in
40 territories with more than 10,600 employees. Supported by the
JLT International Network, it offers risk management and employee
benefit solutions in 135 countries.
For further information about JLT, please visit our website
www.jlt.com and follow us on LinkedIn at JLT Group and Twitter
@JLTGroup.
About JLT Specialty USAJLT Specialty USA is the
U.S. platform of the leading specialty business advisory firm,
Jardine Lloyd Thompson Group. Our experts have deep industry and
product experience serving leading U.S. and global firms. Our key
to client success is our freedom to be creative, collaborative, and
analytical while challenging conventions, redefining problems,
creating new analytical insights, and exploring new boundaries to
deliver solutions for each client’s unique business and risks.
For further information about JLT, please visit our website
www.jltus.com and follow us on LinkedIn at JLT Specialty USA and
Twitter @JLTSpecialtyUSA.
About AltumaiAltumai’s mission is to pioneer
IoT driven, advanced analytics enabled solution development,
deployment and commercialization for the Insurance ecosystem.
Altumai works with clients to re-imagine and innovate, taking new
ideas from Proof-of-Concept stage to implementation by providing
consulting, change- and project management and system integration
capabilities, often in partnership with the client’s existing
vendors. Altumai’s goal is to co-create practical, outcome-based
solutions that leverage new technologies to leap-frog existing
business outcomes. Then, using collaborative approaches, Altumai
works with clients to launch, manage and operate new commercial
ventures. To learn more about how Altumai can help your company,
please visit www.altumai.com
JLT ENQUIRIES:
Name: Ashely Deal, VP of Marketing
Phone: (310) 266-9464
Email: ashely.deal@jltus.com
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