InsurTech Magazine - May 2021

Page 12

GLOBAL NEWS

1

USA

APL invests in FINEOS platform to streamline legacy systems American Public Life Insurance Company will apply FINEOS's new technology to eight lines of business. APL, a leading provider of supplemental worksite benefits, is hoping the move will streamline the customer experience and enhance core services that have previously been reliant on manual legacy systems for its quoting, rating and underwriting processes.

12

May 2021

2

AFRICA

Vaai.co launches on-demand cover The new, disruptive insurtech Vaai.co launched a new, costeffective on-demand range of products that could help provide insurance for an estimated 70% of uninsured drivers in South Africa. Poverty is often a factor in drivers being uninsured, but the on-demand policies allow customers to cover themselves on a much cheaper, pay-asyou-go system.


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