National Flood Insurance Program Selects Marsh’s Torrent Technologies as Direct Service Provider
30 1월 2017 - 11:00PM
Business Wire
Marsh LLC, a US-based global leader in insurance broking and
risk management, today announced that its subsidiary, Torrent
Technologies, Inc., has been selected to become the National Flood
Insurance Program (NFIP) Direct Service Provider. The selection was
made by the Federal Emergency Management Agency (FEMA), which is a
part of the US Department of Homeland Security.
The NFIP was established to reduce the impact of flooding on
private and public structures by providing affordable insurance to
property owners and by encouraging communities to adopt and enforce
floodplain management regulations. As the NFIP Direct Service
Provider, Torrent will facilitate NFIP’s response to flood events,
strive to improve the customer experience for NFIP policyholders,
maintain data security, and deliver continuous innovation. Torrent
believes these enhancements will streamline the process for agents
and provide real time data on flood related events to the federal
government.
“We are pleased to have been selected by FEMA to enhance the
NFIP on behalf of policyholders and US taxpayers,” said Peter
Zaffino, CEO of Marsh, and Chairman of Risk and Insurance Services,
Marsh & McLennan Companies.
“Floods are the number one natural catastrophe in the US,” said
John Drzik, President, Marsh Global Risk and Specialties.
“Insurance plays a critical role in helping Americans recover from
these events.”
Marsh has made continued investments to further develop
Torrent’s proprietary TorrentFlood system to enable fast and
efficient claims payments for policyholders and a streamlined
application process for agents.
“When households and businesses suffer from a flood, they need
to be paid quickly and accurately so they can restore their lives
and their property," said Kevin Tobin, President and CEO of Marsh’s
Insurance Services Group. “We believe Torrent’s advanced technology
will enable us to interact more efficiently with those who may have
suffered a flood loss and accelerate the payment of claims.”
About Marsh
Marsh is a global leader in insurance broking and risk
management. Marsh helps clients succeed by defining, designing, and
delivering innovative industry-specific solutions that help them
effectively manage risk. Marsh’s approximately 30,000 colleagues
work together to serve clients in more than 130 countries. Marsh is
a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:
MMC), a global professional services firm offering clients advice
and solutions in the areas of risk, strategy, and people. With
annual revenue of US$13 billion and approximately 60,000 colleagues
worldwide, Marsh & McLennan Companies is also the parent
company of Guy Carpenter, a leader in providing risk and
reinsurance intermediary services; Mercer, a leader in talent,
health, retirement, and investment consulting; and Oliver Wyman, a
leader in management consulting. Follow Marsh on Twitter,
@MarshGlobal; LinkedIn; Facebook; and YouTube.
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version on businesswire.com: http://www.businesswire.com/news/home/20170130005605/en/
Sally Roberts, 303 952 9453sally.roberts@marsh.com
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