(Image credit: Shutterstock.)
Avinew, a Westlake, Calif.-based startup specializing in insuring autonomous and semi-autonomous vehicles, has selected Majesco P&C Core Suite on Majesco CloudInsurer as the foundation of its business operations, according to a Majesco (Morristown, N.J.) announcement.
Avinew’s business model is a direct-to-consumer approach that includes is rewarding customers for buying safer cars while supporting the safety, savings and freedom benefits that come with autonomy. Avinew says that its front-end quote and insurance app, both mobile and online, will use Majesco’s SaaS, cloud-based P&C Core Suite and extensive APIs to create a fully managed service to power its growth plans and provide cutting-edge services to their customers.
“The advanced safety features in today’s cars are changing the way we drive. It’s both an opportunity and a necessity that the auto insurance market changes as well,” comments Dan Peate, CEO, Avinew CEO. “We believe that if drivers use safety features responsibly, they should be rewarded with insurance cost savings for helping make the roads safer for all of us. We are thrilled to be working with Majesco who is able to help us meet our February 1, 2020 launch date.”
Avinew selected Majesco based on its proven track record helping other companies deliver speed-to-market, with a 12-week benchmark for minimum viable products, Majesco’s statement on the selection says.
“We are extremelly impressed by Avinew’s vision and excited to partner with them as they incentivize and inspire consumers to embrace and use new auto tech in their daily lives,” comments Majesco CEO Adam Elster. “Majesco envisions a world where insurance becomes as easy, seamless and powerful as any business or personal service we expect. We’re committed to helping companies like Avinew—whose focus on innovation, digital, and leveraging data to drive innovation in insurance aligns with our vision for future – meet the demands of a new generation of customers and a new era of insurance.”