Audatex, Explore Information Services to Form AudaExplore
March 5, 2013—Audatex North America Inc. and Explore Information Services, a provider of automotive insurance underwriting and analytics products, on Tuesday announced a partnership in which Audatex’s U.S. operations will combine with the operations of Explore to form a single entity called AudaExplore.
Audatex said the partnership will leverage the best of both organizations to provide insurance customers a “one stop shop” for claims and underwriting solutions in order to better serve the needs of its customers. AudaExplore will focus on using the predictive modeling, analytic capabilities and location data of Explore to develop predictive insurance claims solutions, as well as new underwriting solutions that utilize vehicle and claims data.
“The formation of AudaExplore enables us to combine the vehicle and claims data from Audatex with the underwriting expertise, analytics skills and location-based risk information from Explore,” said Steve Webb, regional managing director for AudaExplore. “Together, we are capable of delivering even more powerful claims, underwriting and rating products to our customers. AudaExplore is dedicated to providing innovative, data-driven solutions that make our insurance, repair shop and government customers more competitive and profitable."
Both Audatex and Explore are subsidiaries of Solera Holdings Inc. Solera acquired Explore in June 2011.