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IE opens its Centre for Insurance Research




IE opens its Centre for Insurance Research

The agreement that was signed yesterday in Madrid makes Informática El Corte Inglés, the technology company of the El Corte Inglés Group, a partner of the Centre for Insurance Research (CIR). With over 30 years of experience in the market, the company will bring to the Centre its capacity for innovation and the application of new technologies to the sector. Vicente Calzado, Associate Director of Informática El Corte Inglés, said that "the participation of this company as a technology partner provides an ideal starting point for CIR’s research projects to face the new challenges present in the insurance industry: digital transformation, big data, assisted driving, internet of things, and cybersecurity". 

The centre was officially created this year in July with the support of Clifford Chance and SCOR. The former is a leading law firm specialised in the insurance sector, and represents an unbeatable partner for CIR in the field of law. Jaime Velázquez, Managing Partner in the law buffet stated: "CIR is a great initiative that will contribute to the excellence of the insurance sector". Diego Aragón, General Director of SCOR GLOBAL P&C Iberica, in turn, affirmed that "CIR is born to offer answers to the current challenges faced by the sector in the context of a global economy". As one of the leading reinsurance companies worldwide, SCOR will bring essential sector knowledge to the Centre, as well as the varied operating formulas present in the sector. 

This innovative IE initiative, based on scientific rigour and independence, aims to promote and contribute to the development of knowledge about insurance in the academic and professional spheres, and to the development of society in general. 

CIR Academic Director, Laura Núñez, highlights the opportunity present at this time to create a research centre serving the sector: "Recent regulatory changes, the digital transformation of companies, a context of low interest rates, or new types of consumer behaviour, among other factors, are not only affecting the insurance sector, but show that a correct or inadequate adaptation to these changes will inevitably impact the world economy". 

CIR aims to become the worldwide reference for research in the insurance sector to facilitate the adaptation of its operators to the constant challenges emerging, and, with the official entrance of Informática El Corte Inglés as technological partner, the fields of work are now complete to start working on the first lines of research.