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Innoveo and Cubiq Announce Partnership for European Insurance Market

Innoveo and Cubiq Announce Partnership for European Insurance Market

Princeton, NJ, April 6, 2022: Innoveo, a global technology firm and a pioneer in enterprise no-code platform (NCP) today announced that the company has entered a strategic partnership with Cubiq, a Swiss data analytics specialist, that can help insurers to unlock the disruptive potential of vehicle safety in motor insurance.

This partnership will enable enterprises to quickly implement Cubiq’s data services across the policy lifecycle, ensuring a seamless and fully digital customer experience across all distribution channels. Now, Cubiq’s data services will enable the wider European market to deliver a truly individualized motor insurance experience that can be implemented in a few weeks with Innoveo’s no code platform.

Advanced Driver Assistance Systems (ADAS) have a significant impact on motor insurance risks and risk factors that are specific for every vehicle and difficult for carriers to fully reflect in current motor insurance premiums. In the future, being able to reflect individual vehicle safety and ADAS equipment in the premium calculation will be instrumental in defining more efficient premiums. With Innoveo and Cubiq, insurers can now quickly harmonize data and provide efficient and reliable premium pricing in a matter of weeks.

“We’re excited to partner with Cubiq and enable motor insurance organizations in Europe with next-gen data and pricing capabilities,” said Vinod Kachroo, CEO of Innoveo. “Combining Cubiq’s data services and our no-code platform technology will bring new levels of data connectivity and capability to the modern enterprise.”

“In Innoveo, we found a partner that shares our vision and ambition to take motor insurance to the next level and unlock the disruptive potential of vehicle safety,” said Christopher Park, CEO of Cubiq.

About Innoveo

Innoveo is accelerating digitization, workflow automation, light core systems development and legacy system revitalization.  Our cloud based no-code platform and accelerator solutions enable enterprises to be connected, innovative, quick, and nimble. The enterprise-grade platform is trusted by over 25 industry leaders across insurance, financial services, and real estate organizations. For more information, visit: www.innoveo.com.

About Cubiq

Cubiq enriches manufacturer production data into harmonized, classified and comparable information for the insurance industry. Our cloud-native data services deliver comprehensive information on individual vehicle equipment. This structured data can be used to enrich risk analytics and enable superior insurance pricing. Our data services are already available for most vehicle brands in all European markets. For more information, visit: www.cubiq.ag.

Media Contact: marketing@innoveo.com