InsurTech Global, a new provider of innovative software

DALLAS, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Company President & CEO Joseph Sebbag announces the launch of InsurTech Global , a provider of Innovative Software Solutions and Consulting Services for the reinsurance and insurance industries.  The company also announces the grand opening of its North American operations in Dallas, Texas, along with the  inauguration of satellite offices in Miami, Florida, and Paris France, which are dedicated to the Latin American & International Markets, respectively. 

The Company management team are Reinsurance Industry veterans and leaders who have served as CEOs, Chief Actuary, Chief Risk Officer, and Head of Reinsurance at some of the world’s largest insurance and reinsurance companies. 

“The team has an average of over 25 years’ experience and expertise in a multiple of disciplines such as: Reinsurance, Actuarial Sciences, Regulation and Audit, Accounting, Finance and Technology, all with in-depth knowledge of both US and European intricacies and regulations,” Sebbag said. 

“We have leveraged the extensive experience and far reaching knowledge of our team to bring forth unique product offerings in the fields of Reinsurance and Actuarial sciences, ” he added. 

InsurTech Global’s Offerings: 

• Reinsurance Intelligence , or "R.I", is one of the most modern and comprehensive Property and Casualty Reinsurance solutions on the market. “ It provides the right combination of Reinsurance Capabilities and Business Intelligence that the industry demands, hence the name Reinsurance Intelligence,” Sebbag explained. R.I. is a highly flexible and comprehensive solution, engineered to handle the most unique and complex reinsurance structures and/or requirements. It is intended for insurers, reinsurers, and brokers.  

• STOCHAc is the industry’s fastest multiple stochastic simulation platform by a factor of 300 or more, all with a degree of accuracy above 99%. STOCHAc is far more precise than any other solution currently on the market. “ STOCHAc was specifically built to radically increase the processing speed of companies who depend on multiple stochastic simulations for pricing, valuing, and risk-managing their derivative products or services,” said Mr. Lloyd Foster, InsurTech Global Chief R&D Officer and the architect of the solution.  “InsurTech Global’s key differentiator is that our customers will not only acquire cutting-edge solutions, but will also be able to rely on the deep rooted industry expertise our team has to offer,” Sebbag emphasized.  

• InsurTech Global also offers Complete Actuarial and Risk Management Consulting across P&C, Life and A&H lines of Business. 

InsurTech Global Executive team :  

Joseph Sebbag, President & CEO: Prior to founding InsurTech Global, Mr. Sebbag was CEO of Effisoft USA, which he launched and established within three years as a top tier Reinsurance System Vendor in the USA. Previously, he was Director of Business Development at MphasiS-Wyde, a provider of core insurance systems. During his decade long tenure at SCOR, he was Associate Partner & Asst.Vice President in charge of Reinsurance. While at SCOR he played an instrumental role in the specifications, deployment and enhancement of SCOR's global reinsurance system. Mr. Sebbag is an expert in reinsurance software for primary insurers and reinsurers. He has authored numerous reinsurance & technology articles for leading publications. He holds a Bachelor of Science in Management & Insurance, as well as several industry designations. 

Yves Corcos, Chairman: Mr. Corcos brings over 30 years’ experience as an industry expert and leader in the fields of Insurance, Reinsurance and Finance.  He is the former CEO of SCOR Global Life for the Americas, covering US, Canada and South America.  SCOR is the fourth largest reinsurer in the world.  “I’m excited to be part of InsurTech Global’s comprehensive efforts to deliver world-class Solutions and Services to the Global Insurance Industry,” Mr. Corcos said .  “Our team’s expertise creates the synergy needed to succeed in today’s marketplace.”   Mr. Corcos is a Finance Graduate of the Ecole Superior de Commerce Paris, and is also a CPA.  

Lloyd Foster Chief R&D Officer: Mr. Foster has 27 years of post-fellowship actuarial and risk management experience, and is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.  In his previous position as Chief Risk Officer at SCOR Global Life Reinsurance, he was responsible for designing and implementing major financial monitoring protocols.  He has held high level executive positions at leading insurance and reinsurance companies, including AIG, AEGON and Prudential.  Mr. Foster holds a Master of Science in Computational Finance from Carnegie-Mellon, specializing in Advanced Statistics, Stochastic Calculus, Derivatives, and Object-Oriented Programming.  

InsurTech Global will be exhibiting at the 2016 NAMIC Annual Convention in Vancouver, from September 25th through the 28 ^th , 2016. Please stop by booth #715 or take the NAMIC vendor tour to learn more about InsurTech Global products and services.  

InsurTech Global is a provider of Innovative Software Solutions and Consulting Services for the reinsurance and insurance industries. The company’s product offering Includes the Reinsurance Intelligence , or "R.I" System, one of the most modern and comprehensive Property and Casualty Reinsurance solutions on the market. STOCHAc the industry’s fastest multiple stochastic simulation platform by a factor of 300 or more, all with a degree of accuracy above 99%. InsurTech Global management team are veteran reinsurance industry leaders who have served at some of the world’s largest insurance and reinsurance companies. InsurTech Global is headquartered in Dallas, Texas, and has satellite offices in Miami, Florida, and Paris France, which are dedicated to the Latin American & International Markets, respectively. www.insurtechglobal.com  

For additional information, please contact: Media Relations: Melissa Ancell Kurtzer MAK+BLK Group Tel.: (972) 365-1749