Sapiens Announces Partnership with GreenRoad Technologies to … – Insurance Coverage CIO Outlook

28September 2020

By Insurance Coverage CIO Outlook|Monday, September 28, 2020 GreenRoad’s innovation uses real-time coaching, gamification, and scoring mechanisms through

an easy-to-use mobile app to increase client engagement and maximize driver security. FREMONT, CA: Sapiens, a leading international provider of software application options for the insurance coverage market, announced partnership with GreenRoadTechnologies, a recognized leader in sophisticated and predictive driving risk analysis for the automobile industry. The collaboration will allow vehicle insurance providers to secure a new level of risk assessment data about their motorists on a dynamic basis. This will allow them to supply more competitive, individualized chauffeur insurance premiums, customer-centric services, and proactive risk-prevention programs. GreenRoad Technologies ‘mobile app-based solution supplies an unparalleled analysis of motorist habits, finding and ranking more than 150 various

complex driving maneuvers. This evaluation level empowers motorists to improve their behavior while enabling insurance providers to make wise, data-driven policy decisions and offer policyholders with the tailored service they require. Insurance companies can offer enhanced services such as PHYD(Pay How You Drive )and MHYD(Manage How You Drive)items with the assistance of those data, with confidence providing discounted premiums and separated risk levels based upon precise, customized criteria. “With Tesla and Amazon entering the automobile insurance market, now is the time for existing insurance companies to embrace innovation and harness the most recent digital and AI-based technology to drastically enhance the services they provide, “stated Roni Al-Dor, Sapiens President and CEO.”Sapiens is thrilled to partner with GreenRoad Technologies. There is a natural synergy in between Sapiens competence in equipping the insurance market with the current software, and GreenRoad’s cutting-edge solutions. Through our combined efforts we seek to enhance the product and services insurance providers operating in the automotive industry are able to provide, while simultaneously boosting driver security.”Use of GreenRoad’s platform results in remarkable improvements in motorist security and a substantial reduction of fleet risk and expenditures with approximately 50 percent decrease in preventable accidents and approximately 80 percent reduction in accident-related expenses. The option also motivates more effective driving styles, resulting in reduced fuel intake and carbon emissions.”In a progressively competitive insurance coverage landscape, we are delighted to partner with Sapiens to bring disruptive innovation to the marketplace, providing insurers with the means to successfully customize their offerings and to take a proactive approach to risk decrease,”said GreenRoad

‘s CEO, David Ripstein.”The data collected by our joint offering will support dynamic premiums for drivers, positioning insurance providers preferably to compete and retain their consumers. Additionally, the ease of onboarding our platform with Sapiens technology will go a long way toward making it possible for the digital improvement of the vehicle insurance field– a transformation that is needed today more than ever. We look forward to working with Sapiens to significantly improve the insurance coverage sector, conserving lives and reducing expenses as we alter driver behavior.”Source: insuranceciooutlook.com

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