JLT Specialty USA Partners With Altumai to Develop Insurtech Worker Compensation Solutions in the Food/Ag Industry

JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (LSE:JLT), one of the world’s leading specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is partnering with Altumai, a pioneer in IoT driven, advanced analytics enabled solution development, deployment and commercialization to develop solutions to reduce worker injuries in the food/agriculture industry.

The agricultural industry is facing many challenges; increasing regulation, weather volatility and a changing and reducing workforce. These challenges are compounded by the additional necessities of ensuring worker safety and minimizing injury and long-term health consequences of a physically demanding job.

The development of wearable devices is providing an opportunity to capture data that can be used to further understand the situations that lead to worker injury and illness related to the daily work tasks. JLT is working with Altumai to assess available solutions for their immediate and longer term potential to the agricultural industry and to develop recommendations and risk transfer solutions.

“Wearable technologies, analytics, and IoT are converging to create a unique opportunity to reduce worker compensation risk and improve worker safety,” said Douglas Turk, Chief Marketing Officer at JLT Group.  “We are thrilled to be working with Altumai in this developing new world of IoT and Insurtech.”

“Technology enabled solutions are providing the opportunity to capture significant value by offering capabilities that provide step-change improvements in risk modeling and transfer, fraud prevention, cost mitigation and worker health and safety,” said Lars Skari, Managing Partner, Altumai. “We’re excited to be working with JLT, a leader and forward thinker in this space and to drive real benefits to workers and growers alike.”

NOTES TO EDITORS:

About Jardine Lloyd Thompson (JLT.L)Jardine Lloyd Thompson is one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT’s client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.

JLT is quoted on the London Stock Exchange and owns offices in 40 territories with more than 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.

For further information about JLT, please visit our website www.jlt.com and follow us on LinkedIn at JLT Group and Twitter @JLTGroup.

About JLT Specialty USAJLT Specialty USA is the U.S. platform of the leading specialty business advisory firm, Jardine Lloyd Thompson Group. Our experts have deep industry and product experience serving leading U.S. and global firms. Our key to client success is our freedom to be creative, collaborative, and analytical while challenging conventions, redefining problems, creating new analytical insights, and exploring new boundaries to deliver solutions for each client’s unique business and risks.

For further information about JLT, please visit our website www.jltus.com and follow us on LinkedIn at JLT Specialty USA and Twitter @JLTSpecialtyUSA.

About AltumaiAltumai’s mission is to pioneer IoT driven, advanced analytics enabled solution development, deployment and commercialization for the Insurance ecosystem. Altumai works with clients to re-imagine and innovate, taking new ideas from Proof-of-Concept stage to implementation by providing consulting, change- and project management and system integration capabilities, often in partnership with the client’s existing vendors. Altumai’s goal is to co-create practical, outcome-based solutions that leverage new technologies to leap-frog existing business outcomes. Then, using collaborative approaches, Altumai works with clients to launch, manage and operate new commercial ventures. To learn more about how Altumai can help your company, please visit www.altumai.com

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