(Image source: Novo Insurance homepage.)
Novo Insurance (Santa Clara, Calif.) a Silicon Valley telematics startup, has selected Duck Creek Technologies (Boston) as its technology platform of choice for policy, billing, insights, and data hub solutions. Duck Creek OnDemand enables Novo Insurance to bring its auto insurance products to market more quickly using its low-code and configurable open architecture platform, according to a vendor statement.
Novo Insurance is a subsidiary of the parent company Telenav (Santa Clara, Calif.), a provider of connected car and location-based software and services. The company reports that its software runs on tens of millions of vehicles from some of the world’s largest automotive manufacturers.
Novo plans to launch in multiple U.S. states in 2023, offering daily route recommendations by looking at real-time road intelligence, live data updates, and historical safety scores by leveraging analytics based on Novo’s Location Based Services capabilities.
“Novo is quickly bringing auto insurance innovations to US consumers using their rich location-based technology,” comments Jess Keeney, Chief Product and Technology Officer Duck, Creek Technologies. “As a start-up operation, Novo Insurance recognized that Duck Creek’s modern cloud solutions are market-leading and trusted. With simplified low-code configuration, they saw that we will get them where they want to be across their US and global markets quickly and efficiently.”
Speed-to-Market, Extended Reach, Differentiated CX
“Duck Creek is known for their excellence in their SaaS-based core systems and provide the highest level of quality and performance,” said Sal Dhanani, COO and Co-founder of Telenav. “By partnering with them, we are able to launch new products quickly, reach new customers, and provide differentiated consumer experiences.”