JLT Re unveils P&C retention and policy partnership
Reinsurance broker and consultant JLT Re and CX Insurance Services have announced a new partnership for the launch of CXIS’s P&C retention and policy growth programme.
JLT Re has secured the exclusive rights to distribute this programme to its clients with discounted client pricing, and will be complementing the offering with its own advanced modeling capabilities, according to the statement.
"JLT Re’s clients will benefit from our partnership with CXIS, offering new and value added services designed to improve performance and profitability," said Ed Hochberg, CEO of JLT Re North America.
CXIS, a P&C BPO and revenue analytics company, has reported that property and casualty companies are currently averaging a 4 percent increase in policyholder retention through the programme, and carriers are clearing their total investment after month 1 in a 12-month programme.
CXIS president Joseph Serrano added: "We’re thrilled to partner with JLT Re in bringing the benefits of the CXIS Retention Program to their clients. Beyond JLT Re’s deep market expertise, sophisticated analytic capabilities, and powerful brand equity – they’re good people who operate with integrity. Together we are providing a compelling and truly unique offering for P&C companies."
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