The feature monitors how a phone is being used during a trip, detects risky behaviors and communicates details and score to the insurer and UBI policyholder.
The new bureau business is expected to enable significant reductions in the cost of transacting general insurance in the U.K. market.
The company touts a speed quote and purchase process and advances on conventional policies, such as full coverage of items policyholders are more likely to own today, and an IoT-driven loss prevention strategy.
The core-to-digital suite is pre-integrated and modular, and can be installed as part of a complete transformation initiative, or implemented as standalone components.
The company reports that its rideshare insurance offering will available for Uber, Lyft and other rideshare drivers nationwide by the end of 2017.
As an associate member, Xceedance will have access to forms, manuals, bulletins, and educational materials, including direct access to, and support from, AAIS program and service staff.
The vendor’s Duck Creek Template now offers content from the AAIS Inland Marine Guide for commercial lines of business.
When it comes to the issue of transparency, are insurers content that, in the moment of truth, they may be metaphorically dragging their customers, bloodied and humiliated, off the plane?
Pocatello, Idaho might seem an odd place to find insurance innovation, but CIO Adam Waldron notes smaller carriers’ agility advantage—and their need to stave off competition from larger firms with deeper pockets.
The transaction represents the largest single investment in technology and digital capabilities in the history of the Group, in support of its ambition to become the pan-African leader in financial services.