Duck Creek Technologies has partnered with newly launched UK insurtech motor insurer, Adiona.
The partnership was created to offer insurance policies with premiums built on data and telematics, artificial intelligence and machine learning that provide pricing based on the driving habits of each insured customer.
Having launched in September, Adiona is a customer-focused start-up that aims to change how drivers are charged for motor insurance.
The company has developed an insurance product that leverages data at scale to deliver a unique customer experience.
Duck Creek’s platform will give Adiona the flexibility of allowing this new entrant to the motor insurance market to create a sustainable business and provide coverage tailored to each consumer’s unique circumstances.
Duck Creek Technologies CEO Michael Jackowski said: “Adiona is set to disrupt the motor insurance industry in the UK by using evergreen technologies and more data than ever before to deliver fairness and transparency to drivers.
“The potential for it to change the landscape of motor insurance is unparalleled, and we at Duck Creek are proud that it has chosen us as its partner to build a new organisation based on SaaS solutions that scale with businesses of any size.
“Insurers in this space that are still shackled to legacy systems and outdated business models are officially on notice.”
Paul Harvey, Founder/CEO of Adiona, added: “The problem with motor insurance today is that it’s expensive and based on other people’s driving – but it shouldn’t be. Everyone should have adequate and affordable motor insurance and be rewarded for good, responsible driving.
“Using best-in-class hyper scalable SaaS technology via the Duck Creek platform, we will provide simple, ongoing insights into actual driving data – highlighting good and bad driving habits and rewarding good drivers.
“We are thrilled to be Made on Duck Creek, focusing our resources on pricing, insured pool management, crash and claim, and customer engagement algorithms to deliver a truly customer-centric experience. Our Duck Creek relationship gives us scalability, security and time to market competitive advantage.”
Credit: Source link
