Insurance spin-out rides API-driven strategy
Allstate has spun out an analytics business that harnesses driver risk scores, roadside rescue services and other telematics data, which it is packaging into software to sell to rival insurers, automakers, as well as ride-sharing companies. So it is fitting that the startup, called Arity, is also aping the API-based platform strategies of the very startups that have blown up the transportation industry.The symmetry isn't lost on Chetan Phadnis, vice president of Arity Platform, who says a platform is the best way Arity can make its APIs and software development kits (SDKs) available to customers in the software-is-eating-the-world era. Arity’s products could help insurers, for example, better price policies.To read this article in full or to leave a comment, please click here
It also interoperates with 15 different VNFs.