insurance telematics - amber connect telematics.pdf · 2018-09-28 · insurance telematics •...

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: info@amberconnect.comPhone: +1 876 948 0161

Africa

Email: info@amberconnect.co.zaPhone: +27 12 880 1897

Russia

Email: info@amberconnect.ruPhone: +7 952 912 55 85

South East Asia

Email: info@amberconnect.co.inPhone: +91 422 4975131

Europe

Email: info@amberconnect.co.ukPhone: +44 1789 774444

Americas

Email: info@amberconnect.comPhone: +1 305 420 6361

www.amberconnect.com | www.kuyatechnlogies.com