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Who’s using what in P&C insurance: June 4, 2018

Property & casualty insurance partnership and tech news from Octo Telematics, Sapiens International, SterlingRisk, Applied Systems, EIS Group and more.

By PC360 Staff | Updated on June 04, 2018
“The pay-as-you-go model allows insurers… to more accurately price premiums based on kilometers, and create a new paradigm with policyholders – emphasizing and recognizing each as an individual and building real-time policies that fit around their lifestyle and need, as opposed to traditional insurance that views and prices policyholders in bulk,” Octo Telematics CEO Nino Tarantino said in a press release about his company’s new partnership with CAA Insurance Company. (Photo: Shutterstock) “The pay-as-you-go model allows insurers… to more accurately price premiums based on kilometers, and create a new paradigm with policyholders — emphasizing and recognizing each as an individual and building real-time policies that fit around their lifestyle and need, as opposed to traditional insurance that views and prices policyholders in bulk,” Octo Telematics CEO Nino Tarantino said in a press release about his company’s new partnership with CAA Insurance Company. (Photo: Shutterstock)

Octo Telematics has been selected as the telematics provider of choice for CAA Insurance Company’s new CAA MyPace™, a pay-as-you-go insurance program offering Ontario’s CAA policyholders a way to pay for, reduce and manage auto insurance premiums if they drive less than 9,000 kilometers per year.

Sapiens International Corporation, the provider of software solutions for the worldwide insurance industry, announced recently that the Georgia Farm Bureau Mutual Insurance Company has selected the Sapiens Property and Casualty Insurance Platform for North America, and signed a five-year agreement for continuous implementation and support of the platform for all of its product lines.

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