Fielding "Fid" Norton III, the former chief enterprise risk officer of XL Group, has joined Pricing Platform, an insuretech startup, as founding advisor and chair of the advisory board.
Pricing Platform integrates property and casualty underwriting, pricing, and portfolio analytics in a cloud-based platform.
Prior to XL, Norton was chief risk officer of the startup Ironshore Insurance and held risk management and pricing leadership roles at Employers Reinsurance, GE Insurance and Swiss Re.
Sito Sarkar, president of Pricing Platform, said Norton is “widely respected across the P&C industry for his thought leadership on managing the most complex risks and opportunities.”
Norton said: "By seamlessly integrating risk modeling, underwriting, pricing, and portfolio management, Pricing Platform provides P&C underwriters with their own view of risk across the entire underwriting process while avoiding the costly, distracting, and years-long build-out of a platform that is quickly out of date. Pricing Platform enables underwriting teams to focus their energy and brainpower on deeper portfolio insights, greater risk awareness, and more profitable decision making."