(Zurich, Switzerland) November 20, 2024 — Predict Rating (Predict), an Italian Insurtech innovator, has joined forces with msg global solutions (msg global), a leading software product innovator, systems integrator, and SaaS provider to offer risk assessment and loss prevention for heavy vehicle fleets.
Predict Rating brings to the table its ecosystem of partnerships (e.g., Bridgestone) and its innovative algorithm, which analyzes data from digital tachographs and telematic devices to assess accident risk. msg global complements this with its expertise in cutting-edge software development, state-of-the-art AI-driven analytics & actuarial risk scoring, and IoT ecosystems. “We’ve decoded global 'mandatory' truck data and transformed them into actionable intelligence. This breakthrough powers our predictive algorithm, enabling insurers to assess risk and enhance profitability with precision in diverse markets.“ said Luca Scoppa, Founder and Chief Executive Officer at Predict.
This collaboration promises to deliver:
- Advanced predictive analytics for optimized insurance pricing and fleet risk management
- AI-powered insights to optimize fleet operations
- Seamless integration of IoT data for real-time decision-making
As the transportation sector undergoes a tech-driven evolution, the partnership positions both companies at the vanguard of technological innovation. Fleet operators can look forward to more sophisticated, data-driven tools for risk mitigation and operational efficiency.
“Heavy commercial vehicle fleets are loss-making for insurers, and they could benefit greatly from enhanced risk management solutions. The partnership with Predict is a natural extension of our advanced risk and claims insights for passenger and light commercial vehicles. We look forward to working with Predict on the evolution of its scoring model and making this available to our customers and partners.” said Dietrich Och, head of Data-driven Products & Strategic Partnerships (DPS) at msg global.
msg global solutions
msg global solutions is a systems integrator, product innovator, and strategic partner with a special focus on enterprise software and services. We cultivate strategic partnerships with industry leaders, key technological providers, and academic institutions to deliver comprehensive solutions tailored to specific organizations’ needs.
Our expertise spans insurance, reinsurance, finance, banking, agribusiness, automotive, and manufacturing. We provide cutting-edge solutions that drive operational efficiency, streamline compliance, and enhance business performance.
In addition to our core SAP offerings, we design products that leverage machine learning, generative AI, and predictive analytics to maximize business performance, optimize processes, and provide AI-powered solutions, all while ensuring seamless integration.
msg global solutions is part of msg group, independent, international group of companies with more than 10,000 employees around the world. The msg group is active in over 34 countries in the banking, insurance, automotive, consumer products, food, life science & healthcare, public sector, telecommunications, manufacturing, travel & logistics and utilities sectors. msg develops integrated software solutions and advises its customers on all aspects of information technology.
Predict Rating®
Predict Rating is an Insurtech start-up founded in 2019 with the purpose to revolutionize as well as evolve the fleet risk assessment for insurance with reliable data. The Predict Risk Score is based on the processing of Tachograph Data and allows companies to know in real time the fleet risk with reliable data.
The company’s senior executives team has over 20 years’ experience in transport, insurance and finance industries. Predict Rating has established effective partnerships with insurers and brokers (e.g., Assicuratrice Milanese S.p.A., TUA Assicurazioni S.p.A., Predict Assicurazioni S.r.l., BdB Group), as well as with leading fleet telematics and data providers (e.g. Bridgestone, ZF Friedrichshafen AG), and will seize opportunities to expand such partnerships further.