An Update on Recent Deals - Report on Solera Holdings Inc. - Insurance News | InsuranceNewsNet

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September 10, 2015 Newswires
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An Update on Recent Deals – Report on Solera Holdings Inc.

PR Newswire

NEW YORK, September 10, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Solera Holdings Inc. (NYSE: SLH). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=SLH

Highlights from our SLH Report include:

  • Recent Deal  with Suncorp - In a press release dated August 13, 2015, Solera Holdings, Inc. reported that Suncorp Group Limited, which includes a portfolio of leading general insurance brands in Australia and New Zealand, has selected Solera's Risk Management Solutions platform following an extensive trial covering 20,000 auto repairs. Additionally, Suncorp has also selected Solera's vehicle identification and customer communications applications in an effort to improve the end-to-end claims process, making it faster and more transparent.

  • Deal Framework - The Company informed that under the terms of the aforementioned agreement, it will roll out a damage assessment and claims processing platform, starting in October, across the Suncorp network in Australia.  Being first of its kind in the Australian market, this advanced auto repair software will help Suncorp grow with the increasingly complex auto industry, while managing rising customer expectations. Suncorp worked with Solera throughout a trial period to customize the platform to meet the needs of the region and integrate seamlessly with Suncorp's Claim Management System. Solera compiled local data to cover 95% of the Australian car parc and built VIN decoding for 88% of them. Consequently, Solera's database now includes over 800 models found only in the Australian market.

  • Management Viewpoint - Tony Aquila, Solera's founder, Chairman and CEO, said, "It's an honor to partner with Suncorp to bring the most advanced digital technologies to the Australian market. Together, we will deliver superior customer engagement throughout the claims process and, ultimately, the broader insurance experience." Leigh Bryan, Suncorp's Head of Motor Claims, added, "This is a game-changing opportunity to simplify our motor claims process and make it even better for our customers."

  • Deal with Tesla - In another press release dated August 3, 2015, Solera Holdings, Inc. reported that Tesla Motors has opted for its collision estimating and customer communication platforms for its global certified collision repair centers. The Company explained that through AudaExplore (U.S.) and Audatex (global), all Tesla insurers and repairers will use solutions provided by Solera in an effort to process fast and accurate collision repair estimates and insurance claims on Tesla vehicles.  Tesla will also utilize the Solera's AutoWatch platform so as to improve both the driver experience and communication between Tesla and its customers. According to the release, Solera expects to roll out the Tesla-related products to all AudaExplore and Audatex licensed users in the coming weeks, starting in North America, Europe and China.

To find out how this influences our rating on Solera Holdings Inc., read the full report in its entirety here: http://www.aciassociation.com/?c=SLH

About ACI Association: 

Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:  

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.

NO WARRANTY 

ACI Association, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.

RESTRICTIONS 

ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE www.aciassociation.com

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