Case Study – Connected Insurance

INTEGRATING LEADING CORE INSURANCE WITH INSURANCE TELEMATICS

HELPING INSURERS TO BENEFIT FROM TURNKEY TECHNOLOGY IN THE MOBILITY ECOSYSTEM

Telematics has paved the way for usage-based insurance, making a huge impact on premiums and how they are calculated. The benefits of dynamic pricing models multiply when insurers do not try to build their own but rather source the data and knowledge from an ecosystem. However, open and flexible core systems are a prerequisite.

Motion-S’ telematics platform ensures all the benefits of accurate risk profiling, while AdInsure’s open architecture and flexible product configuration options facilitate product digitalization. Merging the two is the beginning of the creation of effective ecosystems.

RESULTS

In 2021, Adacta and Motion-S had started working on a proof-of-concept focusing on the CASCO motor insurance product with premium adjustment based on information required from the client risk profile. Coverages for selected clients have been tailored based on the client risk profile.

Since then Adacta and Motion-S teamed up to provide solutions to insurance companies to benefit from tailored quoting, more accurate risk assessment, enriched claims contextualization, improved fraud detection, increased retention rates, additional touchpoints to create a continuous communication channel with customers, and more sales opportunities, such as cross- and upsell of other life and non-life insurance products.

We’ve built AdInsure with connectivity in mind and are already looking forward to seeing all the ways our clients will benefit from our newest partnership. Motion-S is a leader in its field and we are extremely happy their solution will enrich our platform.
Boris Bajic, CEO at Adacta

Industry: Training Institute

Location: Slovenia, Serbia, Russia, Czech, Croatia

Adacta is a leading software provider for the insurance industry. Its insurance platform – AdInsure – provides Life and P&C insurers with a future-proof way to streamline their operations and processes. Since 1989, Adacta has spent decades helping insurance organizations grow their digital capabilities and drive increased profit. Their mission is simple: Empower tomorrow’s industry leaders to realize their potential through technology.
The AdInsure insurance platform is the digital foundation your business needs to keep up with industry changes. It connects and supports all your teams, helping you work smarter, launch products faster, and provide modern customer experiences.

Learn more about Adacta ➡️

Adacta Use Case

RELATED INSIGHTS

Motion S 2A 100 300x157
Fleets Optimization Analytics

The classical approach to optimizing fleet usage

One in ten fleet managers uses more than 30 digital spreadsheets to do their job. Almost half complain that spreadsheet management takes too much time, distracting them from more important tasks. These numbers expose a major ongoing productivity problem inside modern fleets. Because one cannot maximize fleet utilization effectively and quickly by relying on static data and manual processes.
Read More

Image83ee2 300x205
Fleets Optimization Analytics

How to Develop a Comprehensive Fleet Optimization Program?

The fleet manager’s guide to making modern fleets efficient: We have built this guide for professionals like you to explain the crucial elements of an efficient fleet optimization program and point to solutions you can apply to make it as valuable as possible. So, if you are looking to answer questions like ‘How to improve fleet management?‘ or ‘How to implement fleet management software?‘, read our guide now! … Read More

BOOK YOUR DEMO NOW!

BOOK YOUR DEMO NOW

We'd love to show you the power of our data-driven products.
Book your personal demonstration now!

GET YOUR FREE API TRIAL NOW!

Test drive our API Suite for 30 days!
Tell us a bit about yourself, and we’ll get in touch with you in no time.