AppulateConnect April, 2016 The Power of Innovation

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Presentation transcript:

AppulateConnect April, 2016 The Power of Innovation Building better technology solutions for our customers AppulateConnect April, 2016 A Patriot National Company We Find Solutions

Patriot National, Inc. A Patriot National Company We Find Solutions Copyright © 2015 Patriot Technology Solutions. All Rights Reserved. We Find Solutions

Patriot Technology Solutions A Patriot National Company Copyright © 2015 Patriot Technology Solutions. All Rights Reserved. We Find Solutions

Recent Novarica Study A Patriot National Company We Find Solutions Copyright © 2015 Patriot Technology Solutions. All Rights Reserved. We Find Solutions

Gartner Hype Cycle for P&C Insurance, 2015 A Patriot National Company Copyright © 2015 Patriot Technology Solutions. All Rights Reserved. We Find Solutions

Gartner: Key trends for 2015 Gartner 2015 Hype Cycle P&C Insurance, 2015 Gartner: Key trends for 2015 Digitalization, including new product offerings, growing use of mobile technologies by partners and customers, and improved website capabilities Improving channel operations, independently or through multichannel platforms IoT technologies (including telematics and connected-home devices) used to create new products, build interactive customer capabilities and gather previously unavailable usage, performance and risk data A Patriot National Company Copyright © 2015 Patriot Technology Solutions. All Rights Reserved. We Find Solutions

Gartner: Key trends for 2015 Gartner 2015 Hype Cycle P&C Insurance, 2015 Gartner: Key trends for 2015 Greater concern over the long-term impact of the autonomous vehicle, including the need for new coverage, pricing and risk models Data mastery and advanced analytics, used to improve pricing and reduce fraud, as well as to improve customer intelligence Modular core business applications bundled together, rather than large suites, becoming the preferred industry model, and new delivery models, such as software as a service (SaaS), continuing to develop A Patriot National Company Copyright © 2015 Patriot Technology Solutions. All Rights Reserved. We Find Solutions

Operational Excellence Insurance and Innovation Innovation Superior Performance Predictive Analytics Operational Excellence Tyche www.tycherisk.co Challenge Lack of consistent litigation data and variations in judgments across judicial districts makes it difficult to project the final cost of a claim, leading to expensive, unpredictable litigation and arbitrations.  Solution Tyche uses legal, financial, and social data to build predictive models of legal risk. These insights will help carriers understand and adapt to changing tort liability environments. Improved understanding of claim liability helps risk managers better manage and value their litigation portfolios.  A Patriot National Company Copyright © 2015 Patriot Technology Solutions. All Rights Reserved. We Find Solutions

Operational Excellence Insurance and Innovation Innovation Superior Performance Predictive Analytics Operational Excellence Telematic www.telematic.io  a smartphone app that's like a Fitbit for your car offering auto insurance companies a new way to market to insureds and more accurately price insurance by monitoring car driving and mobile phone usage behaviors Smart Drivinc www.smartdrivinc.com  patent pending technology selectively disables various functions on the driver's cell phone while driving using products that are affordable and configurable with real-time tamper detection and alerts  A Patriot National Company Copyright © 2015 Patriot Technology Solutions. All Rights Reserved. We Find Solutions

Operational Excellence Insurance and Innovation Innovation Superior Performance Predictive Analytics Operational Excellence Insurance Social.Media www.insurancesocial.media  automates social media marketing for busy insurance professionals using software that manages corporate social media by creating highly targeted content to meet their individual needs  Fluttrbox www.fluttrbox.com  an on-demand aerial imaging service and mapping application making property assessment for P&C carriers simple by collecting, processing and analyzing aerial images from a network of drones and their qualified operators  A Patriot National Company Copyright © 2015 Patriot Technology Solutions. All Rights Reserved. We Find Solutions