IAG Satellite – which, as reported by Insurance Business in April, bagged the Innovation Execution Award at the 2020 Celent Model Insurer Awards for its Poncho Insurance brand – has San Francisco firm Socotra to thank for being able to bring the monthly policy proposition to life.
“With Socotra, we were able to develop Poncho Insurance, a unique customer proposition for comprehensive car insurance in the Australian market, in a short timeframe,” noted IAG Satellite executive manager Phil Wilson-Brown.
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