The collaboration will allow insurance providers in the vehicle sector to master an extremely competitive market by facilitating an effective digital transformation, the capability to provide customer-centric services and harness joint risk-prevention services
HOLON, Israel, Sept. 24, 2020/ PRNewswire/– Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading worldwide supplier of software application services for the insurance coverage industry, announced today it has partnered with GreenRoad Technologies, a recognized leader in sophisticated and predictive driving risk analysis for the vehicle industry. The partnership will allow vehicle insurance providers to protect a new level of danger assessment information about their drivers on a dynamic basis, making it possible for them to provide more competitive, customized driver insurance premiums, customer-centric services and proactive risk-prevention programs.
GreenRoad Technologies mobile app-based service supplies unique analysis of chauffeur habits, discovering and ranking more than 150 various complex driving maneuvers. This level of evaluation empowers chauffeurs to improve their own behavior while making it possible for insurers to make wise, data-driven policy decisions and to offer policy holders with the personalized service they require. Equipped with this data, insurance providers will be able to offer boosted services such as PHYD (Pay How You Drive) and MHYD (Manage How You Drive) products, confidently providing reduced premiums and separated risk levels based upon precise, individualized requirements.
“With Teslaand Amazongoing into the cars and truck insurance market, now is the time for existing insurance providers to welcome development and harness the most recent digital and AI-based technology to significantly enhance the services they provide,” said Roni Al-Dor, Sapiens President and CEO.”Sapiens is thrilled to partner with GreenRoad Technologies. There is a natural synergy between Sapiens knowledge in equipping the insurance market with the current software, and GreenRoad’s cutting-edge options. Through our combined efforts we seek to boost the services and products insurance providers operating in the automobile market have the ability to offer, while concurrently increasing driver safety.”
GreenRoad’s technology utilizes real-time training, gamification and scoring mechanisms through an easy-to-use mobile app to increase client engagement and make the most of chauffeur security. Use of GreenRoad’s platform leads to significant enhancements in motorist security and a significant reduction of fleet danger and expenditures with as much as half reduction in avoidable accidents and up to 80 percent reduction in mishap related expenses. The option also prompts more efficient driving designs, leading to a reduction in fuel intake and carbon emissions.
“In a progressively competitive insurance coverage landscape, we are excited to partner with Sapiens to bring disruptive development to the marketplace, supplying insurance providers with the means to beneficially personalize their offerings and to take a proactive method to risk decrease,” stated GreenRoad’s CEO, David Ripstein. “The information collected by our joint offering will support dynamic premiums for drivers, positioning insurers preferably to contend and keep their customers. Moreover, the ease of onboarding our platform with Sapiens technology will go a long way toward enabling the digital transformation of the automobile insurance field– a transformation that is needed today more than ever. We anticipate dealing with Sapiens to considerably enhance the insurance coverage sector, conserving lives and minimizing expenditures as we change chauffeur habits.”
About GreenRoad Technologies
GreenRoad Technologies is a leading service provider of innovative driver security and danger decrease platforms utilized by numerous thousands of chauffeurs and industrial fleets throughout the world. For chauffeurs, GreenRoad offers real-time training, tracking and engagement tools that considerably reduce their risk levels. For insurers, GreenRoad’s distinct information sets, control panels and analytics bring a new level of precision to the underwriting process, supporting the provision of dynamic-premium and individualized insurance coverage products. https://greenroad.com/ About Sapiens International
Corporation empowers insurance providers
to succeed in an evolving market. The business uses digital software platforms, services and services for the home & casualty, life, pension & annuity, reinsurance, financial & compliance, employees’settlement and financial markets. With more than & 35 years of experience delivering to over 500 organizations worldwide, Sapiens has actually a shown ability to please consumers’core, data and digital requirements. For more information: www.sapiens.com. Logo-http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg Media Contact Alex Zukerman