LAS VEGAS, Sept. 24, 2019 /PRNewswire/ -- Protective
Insurance Corporation (NASDAQ: PTVCA) (NASDAQ: PTVCB) has teamed up
with REIN to launch a data analytics program enhancing
key areas of Protective's operations. Through the partnership,
Protective will utilize the REIN platform to build additional loss
prevention capabilities across its commercial trucking line of
business and expand the usage of data science in strategic
areas.
"We believe that the data-driven insights and tools made
possible by the REIN platform will ultimately help our customers
prevent losses," said Jeremy
Johnson, CEO at Protective Insurance. "The end result is
reduced costs, but more importantly, safer roads and fewer
casualties. We chose to work with REIN not only because of the
powerful toolset, but also the ease of incorporating the platform
without disrupting our existing systems and processes."
Protective Insurance Corporation is a property-casualty insurer
with more than 85 years of experience providing coverage for the
transportation industry. With an Equity Market Capitalization
of more than $230M, Protective is a
leading provider of insurance and risk management capabilities to
the trucking industry.
In addition to data analytics, the REIN platform will provide
Protective with configurable tools to digitize core business
functions and streamline the development of new products and
programs.
"Now more than ever, insurance carriers are looking for
solutions that can quickly deliver insights to inform risk
modeling, loss prevention and product personalization," said
Christopher Dean, CEO at REIN. "The
REIN platform will assist Protective Insurance in their efforts to
leverage data for the benefit of their customers, as well as
providing tools for streamlining and expanding their digital
offerings."
About Protective Insurance
Protective Insurance
Corporation, based in Carmel,
Indiana, is a property-casualty insurer specializing in
marketing and underwriting property, liability and workers'
compensation coverage for trucking and commercial automobile
fleets, as well as coverage for trucking industry independent
contractors. In addition, the Company offers workers' compensation
coverage for a variety of operations outside the transportation
industry.
About REIN
REIN is an enterprise insurtech platform,
solving the complexity of connecting insurance carriers with
data-driven ecosystems and drastically accelerating the
time-to-market for new integrated insurance products. Through its
platform and AI-powered toolset, REIN enables insurers and digital
ecosystems to better engage their customers by offering integrated
and personalized insurance products where they are, when they need
it.
Learn more about REIN at www.REIN.ai or follow
@REINinsurtech on Twitter.
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SOURCE REIN