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The purchase will strengthen bolttech's operations in Europe, Asia, and Africa, including expansion of its footprint to four new countires: Poland, Croatia, Lithuania, and South Africa.
Through its new innovation hub, Howden aims to fast-track insurance product development, with capacity to be provided by Lloyd's underwriters such as Tokio Marine Kiln, Chaucer, and Liberty Specialty Markets.
Enterprise Exposure Manager can provide (re)insurers with a better, more comprehensive understanding of the interconnected risks that exist across their portfolios.
The solution will use TPIsoftware's InsureBrick framework to build a customised system aimed at enhancing the P&C insurer's efficiency, flexibility, and customer service.
The collaboration will provide embedded insurance solutions for tech manufacturers and retailers across APAC and the US.