Driving data analysis for better auto insurance
Motor insurance is constantly adapting to meet new demands: creating products tailored to policyholders' needs, proactively tackling road risk through road safety programs, integrating new types of mobility, and adapting to a new automotive landscape with the steady rise of electrified vehicles.
The insurance industry has entered a world where the use of more accurate and up-to-date data has become essential to improve decision-making, to personalise offers and to dynamically manage profitability.
By using DriveQuant's services and driving analytics, insurers can objectively assess road risk, adjust premiums accordingly, and reduce claim rates.
Since its inception, DriveQuant has leveraged the smartphone because it is a universal, affordable data collection tool, and for its capability to engage with the policyholders. The smartphone is a transparent and neutral medium that connects the insurer and the policyholder. Thanks to our algorithms and services, we are committed to support insurers in their undergoing transformation.