Insurance Consulting

System Development and Administration

Agent/Broker Support

Customer Stories

UberBLACK, Philadelphia

When we first launched UberBLACK in Philadelphia, the insurance agency we partnered with had very cumbersome operations, relying on fax communication, only communicating during business hours and with long delays that slowed our operations. The hands off approach by that insurance agent required our insurance carrier to invoice Uber per change, with much administrative overhead leading to a strained relationship. We turned to KibaTech and KibaLife Insurance Services to work with our operations manager in flowcharting our current process and identifying points of inefficiency at each touch point between our agent, our insurance carrier and us. KibaTech modernized the vehicle administration system, enabling us to log in to their system and execute our operations in real time, 24 hours /day. KibaTech's online system also took control of invoicing, batch processing of renewals and instant issuance of insurance ID cards. The new system enables us to serve our partners faster and our relationship with our insurance carrier is more efficient than it has ever been.
Bennett P., UberBLACK Philadelphia Operations Manager

Allstate Agency

Up until a year ago I occasionally wrote auto coverage for rideshare drivers. Drivers didn’t really know where to go to get rideshare coverage or even which insurers provided rideshare endorsements. It required quite a bit of work for drivers to find me and for me to find drivers. This became more complicated when regulators specified that each driver's personal auto coverage needed a Period 1 endorsement. Drivers had to navigate a complex web of legal requirements and insurance jargon when all they really wanted to do was get coverage and start driving. Then I decided to partner with KibaTech’s new platform RideShareCover connecting Uber drivers with agents specializing in rideshare endorsements. Drivers use RideShareCover to contact agents from multiple carriers at once by submitting a single form. Drivers know that through RideShareCover I am able provide the coverage they need at competitive rates.
Doug Eisold, Allstate Agent
Our People

Amit Verma

Amit graduated from Lancaster University in England and started his actuarial career in 2001 with Farmers Insurance Group working on pricing personal lines auto and homeowners insurance and reserving workers compensation. He then joined RMS as a product manager for the financial module of their catastrophe modelling software. Since 2010 he has been assisting various startup companies in Silicon Valley with their unique insurance needs as well as consulting with mid-size insurance carriers.

Insurance 2.0

Insuring the Sharing Economy & Sharing the Insurance Economy

Authors: Amit Verma and Dion Oryzak
The following research paper was presented to members of the Casualty Actuarial Society (CAS) during the 2015 Ratemaking and Product Management Seminar and was subsequently a General Session at the CAS Spring Meeting.
Insurance 2.0.pdf
File Size: 628 kb
File Type: pdf
Download File