Chubb has appointed Sean Ringsted to the newly created role of chief digital officer as the insurance giant aims to transform into a digitally integrated organisation.
In his new role, Ringsted will lead the transformation of all areas that produce and support Chubb’s business into a digital environment, including underwriting, analytics, claims, marketing, internal operations and technology.
Ringsted will still serve as the company’s chief risk officer but he will lose the chief actuary role to Paul O’Connell. He will continue to report to Chubb Group chairman and CEO Evan Greenberg.
“Chubb’s vision of digital integration encompasses all underwriting, claims, sales and service functions that touch prospective customers, our policyholders, distribution, all internal operations, as well as deepening our insights and transforming the nature of the product we sell and service – in a word, converting the company to a digital enterprise,” Greenberg said.
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He called Ringsted a “deep thinker and manager” who has the “vision, experience and depth of industry knowledge” to lead Chubb’s digital drive.
“While transformations don’t occur overnight, I have the greatest confidence in Sean’s leadership to drive steady and substantial progress to achieve this strategic objective,” Greenberg added.
Meanwhile, as the new chief actuary, O’Connell will oversee all actuarial functions, including reserving, pricing and capital performance measurement. He will report to Chubb CFO Philip Bancroft.
“Paul’s extensive experience is matched by his judgment, technical capabilities and management,” Bancroft said. “He has the skills and broad operational perspective needed to guide the actuarial function at Chubb and ensure our continued commitment to risk management excellence.”
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