Insurer and tech firm partner for speciality insurance platform launch

An insurance platform that increases the speed at which speciality insurance is sold, underwritten and serviced has been launched.

Mosaic Insurance and DXC Technology teamed up to launch the new platform, which is powered by several of DXC’s technology services, including business process outsourcing, applications, analytics and engineering, cloud and security.

The duo said the platform is different from competitors because of its use of disruptive technologies, including analytics and artificial intelligence.

It will also be at the forefront of using DXC-developed application programming interfaces integrated with Lloyd’s of London, allowing systems to exchange data sources for claims processing and seamless receipt of submissions from multiple broker partners.

Mosaic co-founder and co-CEO Mitch Blaser (pictured) said: “Legacy-free technology is fundamental to Mosaic’s model, and our collaboration with DXC represents the first insurtech operating platform of its kind. We believe it gives us a tremendous advantage.

“This open platform also delivers the benefit of leveraging the latest technology that’s very modular. You can look at what’s available in the market, put it on your platform because it suits your needs, and modify it easily. Overall, this allows for better decision-making and lower expense ratios.”

David Swift, president of insurance and business outsourcing at DXC Technology, added: “Our relationship with Mosaic provides DXC with a unique opportunity to flexibly harness the capabilities of our offerings across the entire Enterprise Technology Stack and demonstrate how we are helping innovative enterprises succeed in the marketplace.”

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