IMB recently announced that it's collaboratingwith MetLifeand Majesco on a cloud-basedinsurance platform. The IBM Insurance Platform will featurecognitive computing, data analytics and integration and securitycapabilities designed to help insurers expand access to theirproducts and capture new customers. "Carriers will be able toinject greater innovation and speed into their operating models,and consumers will experience a broader range of products tailoredto their individual needs," Bridget van Kralingen, senior vicepresident of IBM Industry Platforms, said in a press release.

OctoTelematics recently struck a deal to acquire the usage-basedinsurance (UBI) assets of Willis TowersWatson, including its market-leading DriveAbility® solution and theDriveAbility Marketplace. Key Willis Towers Watsonpersonnel will also join the Octo team, notably industry pioneerGeoff Werner (Global Telematics Leader) who has led the developmentand growth of DriveAbility throughout its lifecycle. In light ofthis transaction, Octo will develop a strategic alliance withWillis Towers Watson on additional auto telematics opportunities toenhance both companies' suite of products and services. Thepartnership will focus on further development of algorithms andother analytical tools to provide actionable intelligence based onaccurate analysis of data. 

Specialist insurer Beazley, an underwriter of hospitalprofessional liability insurance, has teamed up with The Risk AuthorityStanford (TRA Stanford), a provider of healthcare riskmanagement services, to enrich and enhance Beazley's hospitalclaims database. TRA Stanford's Innovence™ Pulse—software designedby risk managers for risk managers — will be used to identifytrends in past claims and generate actionable data in real time toincrease patient safety. "An important part of our value to clientslies in the breadth of our claims experience, backed by the dataheld on our claims database — one of the insurance industry'slargest," said Nat Cross, healthcare focus group leader at Beazley."Through the relationship with The Risk Authority Stanford, we willsignificantly increase this value."

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