Chicago-based automotive insurer American Access Casualty Co. (AACC) has implemented Kognitio’s Data Warehousing-as-a-Service (DaaS) pricing service. The DaaS-based pricing service is designed to compare U.S. Census data, and more than 400 million historical and current auto insurance price points with a company’s loss ratio data using uses Quomation’s PowerBatch technology. Kognitio’s WX2 in-memory analytic database serves as the program’s foundation.
“We saw a market with significant needs and realized there was a distinct opportunity for us to become involved and assume a leadership role,” said John Thompson, Kognitio’s CEO of North American operations. “By combining WX2’s power with the unlimited flexibility and low cost of DaaS, we have developed a service that fills a void in the automotive insurance market. American Access’ management team and analytics experts quickly recognized the value and shared our vision. They have been crucial to proving that this approach is viable and provides significant value.”
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