News from Privilege Underwriters, Pathpoint, Sureify and more. (Photo: Shutterstock)

Aioi Nissay Dowa Insurance and MOTER Technologies have chosen Socotra to power a new telematics-based commercial fleet insurance product. Socotra is the first cloud-native core platform with open APIs empowering both global insurers and insurtech startups to rapidly develop and distribute products with minimal effort and costs. With Socotra’s advanced rating and billing capabilities, insurers can quickly and easily integrate telematics data to build complex usage-based insurance products.

Trager Reznitsky Insurance acquired the property casualty division of Stronghold Insurance LLC, a full-service agency supporting clients with employee benefits, personal products and services and more.

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