In light of the impact of severe weather to insurers, a data-centric approach is a must for today’s insurer seeking to develop and launch product offers that will grow their business and resonate with customers.
The collaboratively built solution addresses the challenges vehicles with advanced technology present for diagnosis of damage and tracking of the collision repair claims process.
LexisNexis and TrueMotion join forces to provide smartphone app solutions, data services and advanced analytics, enabling insurers to deliver distracted driving models as well as traditional UBI programs.
An efficient and customer-friendly P&C claims process is critical in today’s soft market, where loyalty is fragile at best, and acquiring new customers is expensive.
Incorporating analytics helps hone an insurer’s strategy, drive innovation, and new core competencies to protect and grow competitive.
The insurer’s new underwriting approach, whereby customers can receive a decision in as little as three days, with no paramedical visits or lab work, validates a continuing trend.
The company also announced the launch of its “touchless” Smartphone Protection product, which conducts automated diagnostics on the phone to be insured.
The selection supports Ethias’ strategic plan to simplify and streamline underwriting, claims and billing processes, as well as to implement its digitalization blueprint.
Led by Draper Nexus and TransLink Capital, the latest round brings Notion’s total funding to approximately $15 million since its founding in 2013.
Duck Creek calls HTC a delivery partner that will provide expert system integration, analytics, and long-term technical support for insurers utilizing Duck Creek solutions.