IBM is building an “industry-first” data analytics platform onthe IBM Cloud to help insurance companies enhancetheir product mix and customer experience -- to better compete withInsureTechs.

Built in collaboration with MetLife and insurance technologysoftware provider Majesco, the IBM Insurance Platform will featurecognitive computing, data analytics and integration and securitycapabilities. Delivered as a service, the cloud-based platform willalso help insurers reduce IT infrastructure and maintenancecosts.

“Our industry platforms are designed in collaboration with ourclients and partners and intended to dramatically improvetraditional business models using deep industry expertise andadvanced technologies such as AI, cloud and blockchain,” saysBridget van Kralingen, senior vice president, IBM IndustryPlatforms.

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Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.