- P&C Carriers are averaging a 4% increase in retention through its program, CXIS reports.
- JLT Re clients have exclusive access to the CXIS Retention & Policy Growth Program
JLT Re, the global provider of reinsurance broking and consultancy, and CX Insurance Services, Inc. (CXIS), an innovative P&C BPO and revenue analytics company, have announced a new partnership for the shared launch of CXIS’s P&C Retention & Policy Growth Program.
CXIS reports that P&C companies are currently averaging a 4% increase in policyholder retention through the program, and carriers are clearing their total investment after month 1 in a 12-month program. JLT Re has secured the exclusive rights to distribute this program to its clients with discounted client pricing, and will be complementing the offering with its own advanced modeling capabilities.
CXIS President Joseph Serrano indicated “We’re thrilled to partner with JLT Re in bringing the benefits of the CXIS Retention Program to their clients. Beyond JLT Re’s deep market expertise, sophisticated analytic capabilities, and powerful brand equity – they’re good people who operate with integrity. Together we are providing a compelling and truly unique offering for P&C companies.”
Ed Hochberg, CEO of JLT Re (North America) Inc. echoed the excitement for what is to come, stating “JLT Re’s clients will benefit from our partnership with CXIS, offering new and value added services designed to improve performance and profitability.”
JLT Re and CXIS are evaluating continued data synergies in the shared pursuit of increasing client retention. CXIS will continue its patent processes through the remainder of 2017.