Exigen Insurance Solutions’ recently announced partnership with The Evogi Group is good news for insurers trying to enter the fastest-growing segment of the auto insurance market. The collaboration provides insurers full policy administration, billing, claims and account management for personal and commercial auto UBI products using telematics and GPS technology.
What’s provided is a turn-key solution that meets all the important challenges for insurers by satisfying all technology integration, data, actuarial, regulatory and customer communications requirements.
In announcing the partnership, Fazi Zand, VP, marketing and business development, observed that “The pace is quickening for entry to the usage-based auto insurance market. Insurers need to rapidly create innovative product offerings or risk losing customers to competitors. However, usage-based insurance presents new forms of handling and managing of realtime data. Furthermore, the integration of telematics and sensor technologies represents new challenges for existing systems and IT resources. The union of Exigen Insurance’s Exigen PAYD® solution and Evogi’s Intelligent InsuranceSM UBI solution provides a complete, effective, flexible, and ready for market deployment alternative.”
Bob Neeser, SVP, sales and marketing, The Evogi Group, added: “Telematics when tied to usage-based insurance provides insurers a host of opportunities to provide better policy pricing, risk management, claims reduction, and on-board services.”
To read the full announcement, click here.
To read a product brochure, click here.