The round, which brings Indio’s funding to date to $8 million, will be used to expand the capabilities of Indio’s digital platform and increase market share.
Nexar provides next-generation data products and telematics to insurance carriers, such as collision reconstruction and first notice of loss reports, which help expedite claims and prevent fraudulent claims.
While few consumers seek out ADAS and connected car features, the overwhelming majority of car buyers appreciated their benefits, especially those related to safety.
The model will also be used to help the NFIP evaluate actuarially sound rates for its policies and to assess the impacts of major flooding events in real time.
The new platform will support claims processing for ivari Life, Accidental Death and Critical Illness products, including claims initiation, expense management, transaction ledgering, and claims settlement.
The vendor touts the program as frees companies from vendor lock-in so they can do what’s right for their business—and not just what’s convenient for the software vendor.
Announced at SE2’s Annual Partnership Forum, SE2 bills the solution as the first end-to-end, digital insurance-as-a-service solution for the life insurance industry.
Rideshare drivers and fleet owners will be able to buy the tailor-made product through Drover’s online car marketplace platform.
Hidalgo influences GNP’s executive leadership to embrace innovation strategies, and he consistently challenges his teams to seek alternatives to established processes and methodologies to create significant impact for the business.
New capital from Tokio Marine HCC and W. R. Berkley Corporation brings the firm’s total raised to over $30 million.