Hubio Exchange Announces Management Buyout

December 2017: The Canadian division of Hubio, Hubio Exchange, a leading provider of technology solutions that connects insurers with industry services, business partners, regulatory bodies and end-consumers, is pleased to announce that the terms of a management buyout have been finalized and will close on December 31, 2017.

Pat Durepos, widely known across the Canadian Insurance sector, is to become a shareholder in the newly incorporated acquirer, 10503070 Canada Inc., operating as Hubio Technology. Pat is a long-term industry leader both as a broker and as the head of Keal Technology. He’ll play a critical role in guiding Hubio Technology in the development of enhanced broker connectivity solutions.

Pat Durepos said “The large market potential for the company’s regulatory reporting solutions that are tied to Guidewire, combined with the proven broker connectivity solutions, drew me to invest in the buyout.” He continued, “The faith I have in the talented senior management and overall team was extremely important for me. I am so pleased to have the opportunity to work with this group of expert individuals.”

Phil Henville, also an investor in Hubio Technology, will become President and CEO. Phil will lead the company as it focuses on core solutions including an insurtech digital platform, connectivity solutions with insurers, brokers and third-party data sources, regulatory reporting and data management.

Hubio Technology will continue Hubio Exchange’s focus on North American markets, and is building upon the on-going development of its technology, including the cloud readiness of its core solutions. Plans are also in place to launch its regul8 product into the US, drawing upon its leading market position in Canada.

About Hubio Exchange

Hubio Exchange connects P&C insurers to the outside world, communicating with brokers, policy holders, and third parties through technology to drive growth, reduce costs and pursue improved customer interaction. Hubio Exchange has provided industry leading solutions to Canadian insurers for over 15 years.

Hubio Exchange is a Guidewire PartnerConnect™ Solution Partner, at present working on developing Accelerators to facilitate regulatory reporting.

For more details contact
David Gallagher 416 903 1896
david.gallagher@hubio.ca
www.hubio.com/exchange

Launching our telematics tracking platform for fleet

Hubio Fleet has been developed working with existing Road Angel Fleet customers to produce a simple, low-cost vehicle tracking solution built on our proven telematics platform. The Hubio Fleet Manager platform is designed to improve driving behaviour, lower the cost of fleet operation, increase productivity and minimise vehicle wear and tear.

Safety is at the forefront of our values and we believe that educating drivers on how to improve their driving style should be simple, non-intrusive and effective. Our driving analytics have been tested and perfected from our experience in insurance to deliver real change so that we can truly improve driver behaviour, one driver at a time.

Hubio Fleet’s reliable vehicle tracking system offers simplicity from day one – an easy plug-and-play OBD device and a simple-to-use interface. Our excellent service and support team are on hand so that fleet managers can immediately unlock the value of live tracking at the best price on the market.

Addressing the needs of the commercial vehicle market

Our Chief Technology Officer for Connected Car, Andrew Betteley spoke directly to fleet managers and owner-operators prior to developing Hubio Fleet. He discovered they were looking for; an easy way to order the unit, a prompt supply, excellent service and a simple-to-use interface. He commented: “With Hubio Fleet, we have addressed all of these issues and have a fleet tracking system that allows fleet managers and owner-operators to truly find ways of operating more efficiently.”

Fleet dashboard overview on iPad

Hubio Fleet is aimed at both small business owners who run a number of cars or vans as well as larger firms with hundreds of vehicles on their books. Two tracking devices are on offer from Hubio Fleet – an OBD plugin that is plugged directly into a vehicle’s on-board diagnostics port (OBD port) by the user and a black box that is professionally fitted and located out of sight.

A fleet manager or owner-operator can see at a glance how ‘safely’ their fleet is performing by looking at a traffic-light-coloured Fleet Safety indicator. As a result of monitoring speed, harsh braking, cornering, and acceleration, a company can benefit from fewer accidents, lower maintenance costs and fuel savings of up to 15%.

As Chief Marketing Officer, Louise Robertson explains: “Ultimately, fleet managers are looking for real-time tracking to improve efficiency and lower their operating costs. Our simple online dashboard, which can be accessed from any web-enabled device, moves the industry closer to changing the perception of fleet management software to a service that is easy to use and fast to implement.”

Watch the video below to get a full overview of how Hubio Fleet works: