Chubb launches Chubb Studio to enhance distribution capabilities through third party partnerships

Chubb has launched a new global platform to simplify and streamline the distribution of its insurance products through its partners' digital channels, called Chubb Studio.

Chub Studio allows the re/insurer’s partners across a range of industries to add digital insurance options to their own product and service offerings. It provides access to Chubb's consumer insurance products, including personal accident, supplemental health and life, residential and contents, mobile phone, travel and small business insurance, customer services and claims.

Sean Ringsted, chief digital officer and chief risk officer at Chubb, said: “Chubb Studio provides significant speed-to-market for our partners and offers a secure and scalable platform with multiple APIs to simplify the process.  What once took months can now be accomplished in days.”

Ringsted described the platform as 'insurance in a box.' “Chubb handles the insurance stuff such as underwriting and claims that is then digitally wrapped by Chubb Studio, allowing partners to rapidly deploy insurance solutions to their customer base,” he explained.

Chubb Studio is part of Chubb’s digital strategy to forge distribution partnerships with leading brands globally.  It already had more than 150 distribution partnerships globally before the platform launched, with four partnerships announced in the last three years. This has given Chubb access to more than 60 million customers in Asia and Latin America.

Ringsted said the partnerships allow retailers, mobile networks, banks and other companies to deliver a differentiated experience and more value to their customers. "Chubb Studio offers our partners a simple and frictionless way to offer insurance within their ecosystems, providing them with a competitive edge in their respective markets,” he said.