HOLON, Israel, Sept. 24, 2020 /PRNewswire/ — Sapiens International Company, (NASDAQ: SPNS) (TASE: SPNS), a primary world-wide supplier of application remedies for the insurance coverage business, introduced now it has partnered with GreenRoad Systems, a acknowledged leader in innovative and predictive driving possibility examination for the automotive business. The partnership will help automotive coverage carriers to secure a new stage of chance assessment info about their motorists on a dynamic basis, generating it doable for them to deliver a lot more aggressive, personalised driver insurance rates, client-centric companies and proactive risk-avoidance programs.
GreenRoad Systems cellular app-dependent option delivers unrivalled examination of driver actions, detecting and rating a lot more than 150 various complicated driving maneuvers. This stage of evaluation empowers motorists to strengthen their possess habits even though enabling insurers to make smart, data-pushed plan selections and to supply plan holders with the individualized company they need. Armed with this knowledge, insurers will be equipped to offer you increased companies these as PHYD (Pay out How You Travel) and MHYD (Control How You Generate) products, confidently supplying discounted rates and differentiated chance amounts primarily based on accurate, individualized criteria.
“With Tesla and Amazon entering the car insurance coverage market place, now is the time for present insurers to embrace innovation and harness the hottest electronic and AI-based mostly technological know-how to considerably enrich the solutions they provide,” explained Roni Al-Dor, Sapiens President and CEO. “Sapiens is thrilled to lover with GreenRoad Systems. There is a all-natural synergy involving Sapiens skills in equipping the insurance coverage field with the newest computer software, and GreenRoad’s cutting-edge solutions. Through our merged endeavours we look for to increase the solutions and merchandise insurers working in the automotive sector are able to deliver, even though at the same time boosting driver safety.”
GreenRoad’s technology utilizes actual-time coaching, gamification and scoring mechanisms through an easy-to-use cellular app to boost consumer engagement and improve driver protection. Use of GreenRoad’s system prospects to remarkable enhancements in driver basic safety and a significant reduction of fleet threat and bills with up to 50 per cent reduction in preventable collisions and up to 80 % reduction in accident associated prices. The answer also prompts extra efficient driving variations, resulting in a reduction in fuel use and carbon emissions.
“In an more and more competitive coverage landscape, we are excited to spouse with Sapiens to convey disruptive innovation to the marketplace, providing insurers with the suggests to profitably personalize their choices and to consider a proactive tactic to risk reduction,” said GreenRoad’s CEO, David Ripstein. “The data collected by our joint providing will assist dynamic premiums for drivers, positioning insurers preferably to compete and keep their prospects. In addition, the simplicity of onboarding our system with Sapiens technologies will go a very long way towards enabling the electronic transformation of the automotive insurance plan industry — a revolution that is required today much more than ever. We look forward to working with Sapiens to substantially greatly enhance the insurance policy sector, saving life and lowering costs as we alter driver behavior.”
About GreenRoad Systems
GreenRoad Systems is a leading service provider of sophisticated driver security and risk reduction platforms applied by hundreds of thousands of motorists and industrial fleets in the course of the earth. For motorists, GreenRoad gives authentic-time coaching, checking and engagement resources that significantly decrease their threat degrees. For insurers, GreenRoad’s special data sets, dashboards and analytics bring a new stage of precision to the underwriting system, supporting the provision of dynamic-top quality and personalised insurance plan items. https://greenroad.com/
Sapiens Worldwide Corporation empowers insurers to thrive in an evolving business. The firm features electronic software platforms, alternatives and providers for the assets & casualty, daily life, pension & annuity, reinsurance, financial & compliance, workers’ compensation and financial markets. With much more than 35 many years of encounter providing to over 500 companies globally, Sapiens has a established capability to satisfy customers’ core, information and digital prerequisites. For a lot more information: www.sapiens.com.
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