insurance telematics - amber connect telematics.pdf · 2018-09-28 · insurance telematics •...
TRANSCRIPT
Insurance Telematics
• Allows insurers to differentiate individual driver behaviour
vs using demographic groupings to determine risk
weighting.
• Encourages safer driver behaviour due to monitoring
presence.
• Improves customer loyalty and thereby, retention.
• Reduces claims fraud due to accident reconstruction
capability.
• Customer-deployed car protection feature, Amber Shield,
minimizes theft losses.
• Positions insurer as an innovator.
But customer adoption has been low…
• Amber’s engaging consumer app changes the game.
• Amber offers superior user experience and functionality.
• Now the insurer is creating value for the customer!
Why Telematics?
• Driver behaviour (speeding, harsh cornering (Left & Right), harsh
breaking, sudden acceleration, crash detection)
• Stationary vehicle unusual vibration detection
• Distance travelled
• Out of hours driving
• Fatigue driving
• Frequently parked locations
• No-go zones
• Business/personal trip identifications
• Accident Reconstruction
• Accident & Hi-jacking hot spots pre-warning
• Accident detection
• Use of mobile phone while driving
• Smart phone based video telematics and cloud recording
• Driver recognition through RFID Tags or Facial Recognition linked
to vehicle start
Telematics data capture
Self configurable risk scoring platform
A telematics policy and driver scoremanagement platform with accident claims reconstruction right from a single portal. Insurer configurable thresholds for scoring with built in analytics and business intelligence modules.
Dashboard shows real-time risk scoring with key risk statistics and self configurable risk management modules for fleets.
Fleet Risk Telematics
System Integration options
• Custom integration of telematics data into client data warehouse.
• Rest APIs end points available for custom integrations.
• White label application hosted on client premise with ready built customizable driver scoring
module and analytics.
• SAAS based solution for customizable driver scoring module and analytics.
Data science use cases
Claims ManagementCross-sell and Up-sell Potential
Policy UnderwritingRisk Avoidance Theft Protection Retention Analysis
Greater fraud Detection
Evidence for investigation
Customer lifestyle identification
Live driver scoring(Customer is more risk aware due to real-time feedback)
Key data: mileage, driver behaviour, night vs day driving
Bulid customer profile
Identification of no-go zones
Amber Shield
Live tracking
Safety & Security
Rewarding lower risk drivers at renewal
New product development
Imagine. Innovate. Implement
Head Office (Jamaica)
Email: [email protected]: +1 876 948 0161
Africa
Email: [email protected]: +27 12 880 1897
Russia
Email: [email protected]: +7 952 912 55 85
South East Asia
Email: [email protected]: +91 422 4975131
Europe
Email: [email protected]: +44 1789 774444
Americas
Email: [email protected]: +1 305 420 6361
www.amberconnect.com | www.kuyatechnlogies.com