TietoEVRY integrates Drivequant smartphone telematics into its Insurance-in-a-box platform to build UBI programs in less than two months
DriveQuant pursues its international expansion in the insurance sector and formalizes a partnership with TietoEVRY. This new partner proposes its Insurance-in-a-Box platform to insurers, allowing them to start digitalizing their offer and create complete products in less than two months. The Scandinavian company integrates DriveQuant smartphone telematics and associated driving analysis services into its portfolio.
A platform to quickly deploy white-label insurance offers
TietoEVRY markets a white-label insurance offer (Insurance-in-a-Box), a digital toolbox designed to help insurers adopt the latest technologies with a time-to-market of fewer than two months. The SaaS platform covers all aspects of the insurance value chain, from underwriting to claims management.
Insurance-in-a-Box can be deployed without advanced IT expertise and offers a lot of flexibility: all its components are available as pay-as-you-go modules. Among the insurance companies that have adopted the solution are Baloise Insurance and Aegean Insurance.
DriveQuant’s DriveKit to meet the growing demand for usage-based insurance solutions
TietoEVRY chose to integrate the DriveKit SDK (launched in April 2020) to its SaaS platform. DriveQuant’s driving analysis and driver engagement services can now be operated by insurers wishing to create usage-based insurance programs through the use of mobile telematics applications
for their customers.
The rapid changes occurring in the motor insurance industry require new, state-of-the-art services. The COVID-19 pandemic and the related lockdown have confirmed a growing demand for fairer insurance products that take into account the actual use of the vehicles covered. DriveQuant solutions
unleash the potential of data from connected vehicles and drivers to complement data from other Insurance-in-a-Box components. The common goal is to help insurers and their customers to better manage risks and make roads safer.
Sameer Datye, Head of Business Development, Insurance & Wealth Management at TietoEVRY explains : « With DriveQuant we are able to have a robust and proven mobile telematics solution on the Insurance-in-a-Box platform. Since it is already pre-integrated on the platform, insurers can white-label the solution and add it to their customer engagement in no time. Even with white-labeling and customization, we are still able to keep our promise of enabling our customers to go to market in less than 2 months! »
Philippe Moulin, CEO & co-founder of DriveQuant adds: « This partnership with TietoEVRY is strategic for DriveQuant. We complete our partner’s offer with our smartphone telematics and customer engagement solutions, and they are embarking on their European conquest. DriveQuant continues its international expansion in very dynamic markets regarding telematics insurance matters. We look forward to helping insurers and their customers to better manage risks and make our roads safer. »