Companies teaming to launch data-driven, telematics models for the insurance industry
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As insurance companies look for ways to compete smarter, be more efficient, and differentiate themselves, they are adopting new service models that reduce risk, enhance vehicle health performance, and encourage safer driving. However, transformation to these models is not always straight-forward, can be time-consuming, and face underwriting and other roadblocks.
BitBrew’s Connected Vehicle Platform provides an end-to-end, plug-configure-play AI-based framework that simplifies and speeds development of mobility solutions. Availability of this platform allows Hitachi Solutions America to leverage real-time telematics data streams to rapidly deliver rock-solid, data-driven models and connected, high-value services that better satisfy the demands of today’s insurance industry.
“Hitachi Solutions group has a long history of delivering Microsoft-based business solutions for the insurance industry and we are always looking for ways to better meet our customers’ needs. And, while we can build anything, we recognize that teaming with mature solutions providers like BitBrew can provide us – and our customers – with more value faster,” said Leah Quartano, Insurance Industry Vice President at Hitachi Solutions America, Ltd. “This partnership extends our ability to support insurance, fleet, and smart city industry verticals while accelerating the telematics solution journey for our customers.”
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Feature rich and user-friendly, BitBrew’s Connected Vehicle Platform packages the benefits of IoT, AI, and machine learning driven risk models for policy managers, underwriters, claims processing, and data science teams, making it easier for them to build and adopt a connected, automotive ecosystem that offers policies that:
- Reduce claims processing costs
- Support telematics-driven underwriting
- Offer preemptive vehicle maintenance
- Improve w******* management
- Make asset & loT management more accurate
- Support data-driven driver management systems (DMS) & fleet optimization
“At BitBrew, we are proud to have pioneered dynamic connected vehicle solutions that are driving the mobility revolution and creating smarter vehicles, safer roads, and more efficient cities,” said Krishna Guda, Chief Executive Officer at BitBrew. “We look forward to working closely with Hitachi Solutions America, leveraging their deep insurance industry focus and Microsoft solution expertise to better address the needs of the insurance industry through telematics and data-driven offerings. This partnership, backed by our parent company Danlaw’s nearly 40 years of automotive heritage, puts us ahead of our competitors.”
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