GWS and Chubb expands business cooperation
The insurance giant Chubb INA Holdings and GWS Production AB (GWS) in Lund will jointly continue to improve the employee travel security solution Chubb Travel Smart, for emerging markets. Chubb also extends the original agreement with GWS for another year to August 2021.
In December 2017, Chubb´s Travel Smart App and System for travel risk management, powered by GWS, were launched and has been a major success in the market.
With it´s unique technology platform, GWS can quickly reach users who are at risk with accurate and relevant information compiled by the company's qualified analysts. This information helps the traveler and allows the corporate security teams to take control of employee safety.
Now the cooperation between the two companies is expanding. GWS has been commissioned to develop and adapt its travel safety system for the Spanish and Portuguese-speaking markets, an agreement initially over three years.
Today, all information and all event updates to users are sent in English, but through real-time translations, important opportunities are opened. During the last few years there has been a strong technological development within machine translation using deep learning Artificial Intelligence (AI). Using the latest AI driven technology that provides a leap in translation quality, Chubb and GWS will break the language barriers for new markets.
“Spanish and Portuguese are two of the world's most spoken languages,“ says Natasha Reoutt, Vice President, Accident & Health Multinational Business at Chubb. ”So I am delighted that we are now able to provide information in both these languages to Chubb Travel Smart users.”
“By adding this functionality we will tear down the language barrier and increase the usage for users with Spanish and Portugese as their native language. “, says Andreas Rodman, CEO of GWS. "Using cutting edge technology, we strengthen our position once again as the leading travel security company."
About GWS Production AB and Safeture
GWS, Global Warning System, was founded in 2009, triggered by the experience with a global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks. The company offers a travel security platform: Safeture. A travel risk management for corporate security teams and business travelers in order to protect the traveler by real-time tracking and providing valuable real-time information about disasters and other threats that could impact on the traveler. Safeture is the new way to take control of employee safety with state-of-the-art technology. The GWS share is listed on NASDAQ First North Stockholm. Erik Penser Bank AB is the Certified Adviser.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: chubb.com/uk
Media Contacts Chubb
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