Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a global provider of software solutions for the insurance industry, recently announced it has joined forces with advanced and predictive risk analysis company, GreenRoad Technologies, to improve driver safety and personalize driver insurance premiums.
Sapiens reported that the partnership will enable automotive insurance carriers to secure a new level of risk assessment data about their drivers on a dynamic basis, making it possible for them to provide more competitive, personalized driver insurance premiums, customer-centric services, and proactive risk-prevention programs. Speaking about the partnership, Roni Al-Dor, Sapiens President and CEO, stated:
“Through our combined efforts we seek to enhance the services and products insurers operating in the automotive industry are able to provide, while simultaneously boosting driver safety.”
GreenRoad’s CEO, David Ripstein, then concluded:
“The data collected by our joint offering will support dynamic premiums for drivers, positioning insurers ideally to compete and retain their customers. Moreover, the ease of onboarding our platform with Sapiens technology will go a long way toward enabling the digital transformation of the automotive insurance field — a revolution that is needed today more than ever. We look forward to working with Sapiens to dramatically enhance the insurance sector, saving lives and reducing expenses as we change driver behavior.”
Sapiens currently offers digital software platforms, solutions and services for the property and casualty; life, pension and annuity; reinsurance, financial and compliance; workers’ compensation; and financial markets