Netstar, a South African Vehicle tracking company, and Zep-Re have officially confirmed their sponsorship for the Africa Insuretech Forum. The event, organized by dx5, looks to shed light on the radical digital transformation that the insurance industry is experience.
Both Netstar and Zep-Re are big players in the African insurance space and their participation in the Africa Insuretech Forum is key.
Netstar is a subsidiary of Altron and a trusted brand that pioneered the vehicle tracking and stolen vehicle recovery industry in South Africa back in 1994.
“Since 1994, our proprietary technology has been on the forefront of global telematics with operations in Australia, India, and Malaysia, and distributors covering Africa and Middle East. Today, more than 1,000,000 subscribers trust us to protect their vehicles, fleets, employees, and families,” Netstar says in its company profile.
The vehicle tracking company plays a significant part in curbing vehicle-related crime and constantly deliver new insights and technical innovation to unlock value, efficiencies, and opportunities for the customers.
There’s no Internet of Things (IoT) solution is beyond Netstar’s reach. The company provides industry-leading stolen vehicle recovery (SVR) services, world-class insurance telematics, best-in-class fleet intelligence and exceptional fleet management solutions for businesses of all sizes.
Companies in the insurance space are leveraging technology and data analytics to streamline the insurance process and reduce costs for consumers and increase coverage. This use of technology in the insurance industry has created an entirely set of opportunities for incumbents and entrepreneurs alike.
New technologies and applications, like blockchain, artificial intelligence, machine learning and data analytics, are being used to help insurers enable ‘smart risk management’. Ultimately this benefits consumers by lowering premiums through improved underwriting and claims processing decisions therefore reducing risk.
The Africa Insurance forum that is slated for 6th September 2022, looks to address how technology can impact the insurance sector.
To register for the event click here.