(Image credit: nextvoyage.)
Protective Insurance Corporation, a Carmel, Indiana-based property-casualty insurer specializing in marketing and underwriting property, liability and workers’ compensation coverage for trucking and commercial automobile fleets, has selected REIN (Chapel Hill, N.C.) to launch a data analytics program enhancing key areas of Protective’s operations. Protective will utilize the REIN platform to build additional loss prevention capabilities across its commercial trucking line of business and expand the usage of data science in strategic areas, according to a REIN statement.
“We believe that the data-driven insights and tools made possible by the REIN platform will ultimately help our customers prevent losses,” comments Jeremy Johnson, CEO, Protective Insurance. “The end result is reduced costs, but more importantly, safer roads and fewer casualties. We chose to work with REIN not only because of the powerful toolset, but also the ease of incorporating the platform without disrupting our existing systems and processes.”
In addition to data analytics, the REIN platform will provide Protective with configurable tools to digitize core business functions and streamline the development of new products and programs, according to the vendor.
Solutions to Quickly Deliver Insights
“Now more than ever, insurance carriers are looking for solutions that can quickly deliver insights to inform risk modeling, loss prevention and product personalization,” comments Christopher Dean, CEO, REIN. “The REIN platform will assist Protective Insurance in their efforts to leverage data for the benefit of their customers, as well as providing tools for streamlining and expanding their digital offerings.”