Simpego Selects Earnix Telematics Solution to Expand Capabilities in Smart Insurance Business

Earnix’s Fully Operational Telematics Solution Goes Beyond Driving Results to Reveal Behavioral Patterns and Enhance Customer Experience

LONDON–(BUSINESS WIRE)–Earnix, a global provider of essential intelligent, cloud-based, composable solutions for product pricing and personalization for the insurance and banking industries, today announced Today that Simpego, a fully online Swiss insurer and leader in the field of dynamic and machine learning (ML) based pricing, has chosen Earnix Drive-It, a complete pay-as-you-go insurance and telematics solution . The Earnix Drive-It solution combines an app that collects robust data regarding braking, acceleration, distraction, speed, cornering and other real driving events with AA and AI capabilities to produce personalized predictive scores.

Earnix Drive-It rapidly enhances telematics capabilities with a fully operational solution by integrating with Earnix Price-It, an end-to-end pricing and scoring solution, used by Simpego since 2018. It can be flexibly integrated into existing systems and operationalizes emerging behavioral data sources. By aligning offerings with actual behaviors, insurers can more accurately access and price risk factors, unlock new premiums and drive operational efficiency.

“After a thorough evaluation of several telematics solutions, Earnix was the clear winner,” said Michael Ammann, Head of Underwriting at Simpego. “The app’s capabilities, combined with highly accurate reporting of driver behavior and seamless integration with our existing Earnix pricing solution, gives us the agility, agility and governance we need. »

With Earnix Drive-It, both insurers and policyholders reap benefits quickly. Frictionless onboarding and data capture, designed for scalability, allows the contract holder to download Earnix Drive-It from the app store, enroll and then drive. High consistency and quality of trip data via sensor fusion helps identify specific driving behaviors such as miles driven, frequency of acceleration, cornering, hard braking and phone use .

“The Earnix Drive-It solution really is in a category of its own,” explained Adrian Coupland, Head of Insurance for EMEA at Earnix. “Our Earnix Drive-It telematics solution is directly integrated into our market-leading pricing and scoring solution, allowing our customers to fully benefit from real-time driving and risk data without delay. »

The Earnix Drive-It solution can be deployed as an app-only option or integrated into vehicle equipment. Easy access to an operational telematics solution is the key to rapid adoption and customer satisfaction.

About Simpego

Simpego Assurances SA, headquartered in Zurich, was founded in 2016 as Dextra Assurances SA. The company is an insurer specializing in online insurance. It is the only independent online car insurance to have its own insurance license in Switzerland. For more information about Simpego Assurances SA, visit our website (www.simpego.ch).

About Earnix

Earnix is ​​the leading provider of essential intelligent, cloud-based, composable solutions for pricing, rating, underwriting, product personalization and telematics. These fully integrated solutions deliver very fast return on investment and are designed to transform the way global insurers and banks are run by driving value across all facets of the business. Earnix, which has been innovating for insurers and banks since 2001, has customers in more than 35 countries on six continents and has offices in the Americas, Europe, Asia-Pacific and Israel.

For more information, please visit earnix.com.

Connect with Earnix via Twitter, LinkedIn and Facebook. Read the Earnix blog.

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contacts

jena murphy

Jena.murphy@earnix.com

Source: http://www.businesswire.com/news/home/202211010051…

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