The insurer seeks to fully exploit the value of telematics technology in delivering improved road safety through the prevention-first approach of its Onlia Sense safe-driving app.
The total consideration is up to $19.5 million in cash on the acquisition, which Sapiens expects to be accretive to profit in early 2021.
The insurer has entered into a 25-year agreement with DXC to advance ivari’s current platforms and operations, as well as provide digital new business capabilities.
IIR talks with Rick McCathron, Hippo’s Chief Insurance Officer, about where the company is today, and how the new funding round supports its ambitious mission to transform homeowners insurance.
Infosys will supply Quadient solutions to provide clients with the vendor’s omni-channel CCM platform and the capability to meet complex communication needs.
The vendor expects Germany to become a leading strategic market for Sapiens cloud-based IDITSuite and digital offerings.
The company has grown total written premiums to $270 million, growing at 140 percent YoY, has raised a total of $359 million in investment capital and is now valued at $1.5 billion.
Majesco leadership says the transaction, valuing the company at $594 million, will support the company’s strategic vision to help global insurers transition to the cloud.
The pandemic hasn’t slowed the pace of insurance innovation, but the insurance technology community’s largest in-person event has adapted to serve its global participants during a time of restricted travel.
The portal aims to provide faster access to robust product information and insight to the vendor’s product roadmaps and future of insurance technologies.