Innovation

MAKE IT
BETTER

That’s one of our core Commitments.

And it’s what powers our drive to continually innovate to meet our clients’ evolving risk needs.

Innovation in 2015



In 2015, with the integration of XL and Catlin requiring much focus and attention, our colleagues still continued to push our (Re)Insurance products in new directions and we ended the year, once again, as a top industry innovator.

In addition to the new products we introduced, some of which are listed below, we launched XL Innovate, our sponsored venture capital initiative. Now off and running, the XL Innovate team is quickly becoming a fixture in the (re)insurance innovation space. In September, XL Innovate announced its acquisition of all shares of New Energy Risk, a strategic risk transfer consultant to the renewable energy industry worldwide, and we expect further announcements soon.

Through other partnerships, like our work with Oxbotica, we hope to break new ground in understanding the insurance needs of emerging fields such as artificial intelligence and mobile robotic vehicles and solutions.

We’re proud of what we’ve accomplished in 2015. And continually looking to what’s ahead.

Some of the noteworthy products introduced in 2015:
Commercial Crime InsuranceA new comprehensive policy form to help US businesses recover from the financial repercussions of corporate crime including fraud and embezzlement
Cyber Insurance Expands Data Breach Response PartnershipsAdding additional computer forensic and legal resources to our network of prequalified breach response specialists to help clients respond quickly and cost effectively to breach incidents
Environmental Excess Policy FormThis simplified solution for buying an additional layer of environmental insurance protection supports a consistent coverage approach between the excess layer and the underlying policy
CyberRiskIQ.comAn online portal to help XL Catlin’s cyber insurance clients access resources and expertise to address data breaches
Excess Executive Liability FormProviding brokers and clients in the US and Canada with a streamlined solution to buy an additional layer of professional liability insurance protection
Financial Institution Bond InsuranceA suite of comprehensive new financial institution bond insurance policies in the US, offering financial institutions balance sheet protection against employee dishonesty, burglary, robbery, forgery and similar crimes
Global Security Insight PlatformDeveloped by Salamanca Group for XL Catlin’s kidnap and ransom insurance clients
Mining Industry Coverage Focusing on all mobile assets and can cover all machinery and equipment aboveground, underground or subsea; any natural mineral including precious metals/stones and all employees globally
24/7 Product Recall Crisis Network, Asia — Providing clients with best-practice advice in risk prevention, recall planning and 24/7 crisis response as part of XL Catlin’s product recall coverage
Risk Resource for Environmental Industry Clients An educational series offering safety tips and guidance, part of a series of XL Catlin’s online risk control resources for environmental industry clients and their employees, and furthering our commitment to broad-based sustainability and environmental resilience