Liberty Mutual Holdings Company – Digital Transformation Strategies

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

This report provides insight into Liberty Mutual’s tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.

Liberty Mutual Holding Company (Liberty Mutual) is a property and casualty insurance company. The company, through its subsidiaries and affiliated companies, offers a range of personal insurance and business insurance solutions to individuals, families, and businesses. It offers insurance products for homeowners, commercial multi-peril, property, general liability, commercial automobile, surety, workers compensation, and specialty lines. It also offers employee benefits insurance, health insurance, marine insurance, construction insurance, energy insurance, trade credit insurance, aviation insurance, and crisis management insurance.

Launched in September 2015, Solaria Labs is Liberty Mutual’s technology incubator. It partners with teams across Liberty Mutual to develop new products that address customers’ unmet needs. Solaria Labs has three centers: Solaria Labs US, Solaria Labs East, and Solaria Labs West.

B3i was launched in October 2016 by a group of insurance and reinsurance companies in order to explore the potential use cases of blockchain technology in the insurance industry. As of May 2022, B3i comprised over 20 insurance and reinsurance companies from different parts of the world. The consortium is engaged in developing blockchain-based applications for commercial insurance and reinsurance administration. Liberty Mutual joined B3i to explore different use cases of distributed ledger technology in its operations.

Scope

Liberty Mutual is applying artificial intelligence (AI) to convert unstructured documents of companies into structured data, extract loss history data, and share loss history data with underwriters. This allows Liberty Mutual to write commercial insurance policies quickly and precisely for companies as per their individual loss histories. The company has also leveraged AI to help its commercial policyholders protect their employees from workplace injuries. The company’s AI powered ErgoValuator app captures different parameters of workplace tasks and analyze injury risks associated with them.

Liberty Mutual is tapping into data analytics to better understand its customers and write insurance policies as per their requirements. Data analytics tools allow Liberty Mutual to consolidate, analyze, and extract actionable information from numerous third-party data sources such as government records, industry data, and court filings.

The insurance company has adopted a serverless computing model, in which the cloud service provider operates and allocates servers as per workloads. By adopting serverless computing, the company was able to reduce cloud management costs as Liberty Mutual is only charged when its code is running on the servers. This highly granular, pay per use method is more cost effective than other computing models.

Liberty Mutual launched various cybersecurity initiatives to protect its digital assets. The company created a role called product owner, cybersecurity awareness; it is responsible for establishing and managing cybersecurity culture across the organization. The company has been increasing awareness about cyberattacks, cybersecurity, and cyber resilience through communication campaigns and training classes.

Reasons to Buy

• Gain insights into Liberty Mutual’s tech operations.

• Gain insights into its tech strategies and innovation initiatives.

• Gain insights into its technology themes under focus.

• Gain insights into various product launches, partnerships, investments, and acquisition strategies.

Inspektlabs
Kinetica Labs
Groundspeed Analytics
CoreLogic
Intellect SEEC
SecurityScorecard
Guidewire
XS Global
Safehub
Previsico
Rein
Amazon

Table of Contents

Overview

Digital Transformation Strategy

Accelerators, Incubators, and Other Innovation Programs

Technology Focus

Technology Initiatives

Investment

Acquisitions

Partnership, Investment, & Acquisition Network Map

ICT Budget and Contracts

Key Executives

Contact Us

Frequently asked questions

Liberty Mutual Holdings Company – Digital Transformation Strategies standard reports
Currency USD
$1,495

Can be used by individual purchaser only

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Liberty Mutual Holdings Company – Digital Transformation Strategies was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS

Related reports

View more Insurance reports
Financial Services
New
Worldline - Competitor Profile
$350 | March 2024
Financial Services
New
United Overseas Bank Limited - Digital Transformation Strategies
$1,495 | April 2024
Financial Services
New
Liberty Mutual Holdings Company - Digital Transformation Strategies
$1,495 | April 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Liberty Mutual Holdings Company – Digital Transformation Strategies in real time.

  • Access a live Liberty Mutual Holdings Company – Digital Transformation Strategies dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.