Lund company GWS Production AB (GWS) and Chubb Group, the world's largest publicly traded property and casualty insurance company, have signed a global contract for development and launch of travel risk management services. The agreement is initially for a three year period and it has a minimum order value of 660,000 USD during this time.
- -This shows that our knowledge and product family Safeture make us a world leader in providing international travel risk solutions, comments Andreas Rodman, CEO of GWS Production AB.
GWS goal is to help travelers feel safe wherever in the world they are. With its unique technology platform, GWS can quickly reach users who are at risk with accurate and relevant information compiled by the company's qualified analysts. This information helps the traveller feel and be safe.
Chubb is the world's largest publicly traded property and casualty insurance company with operations in 54 countries. The agreement includes development and launch of Chubbs next generation travel risk management system for corporate insurance clients. The agreement is initially valid for a period of three years and has a minimum guarantee of 660,000 USD in total.
The solution from GWS already has many global clients and will now be made available to Chubb's corporate customers.
Andreas Rodman, CEO of GWS says:
- -We are very excited that yet again one of the largest insurance companies in the world selected us as their supplier. This is a significant milestone for GWS as we are moving deeper into the insurance market, fulfilling our long term goal to be the leading travel risk technology provider for the insurance industry.
About GWS Production AB and Safeture
GWS, Global Warning System, was founded in 2009, triggered by the experience with a global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks. The company offers a mobile device based, personal security service Safeture, in order to protect the traveler by real-time tracking and providing valuable real-time information about disasters and other threats that could impact on the traveler. The system is provided to both businesses – Safeture Pro, and to private individuals – Safeture.
The GWS share is listed on NASDAQ First North Stockholm. Sedermera Fondkommission is the Certified Adviser.
This information is information that GWS Production AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09.00 CET on August 30, 2017.
About GWS Production AB
GWS, (Global Warning System) was founded in 2009, triggered by the experience of the global SARS epidemic, the 2004 Indian Ocean tsunami, and the Mumbai terror attacks. The company offers a personal security mobile app, Safeture. The app protects travelers through real-time tracking and provides valuable real-time information about disasters, and other threats that could impact you while you’re abroad. The system consists of a range of services that are delivered via the traveler’s mobile phone and is suitable for both businesses (Safeture Pro), and for private individuals (Safeture).