Usage Based Insurance

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The core of the platform is the multi award winning IOT AEP middleware by Davra Networks but it is our partner ecosystem that makes ConnecThing.io one of the leading IOT Platforms as recognised by No.1 IT Partner Channel News Network CRN.

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Usage Based Insurance

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$ Partner Only

(Per Device/Month)

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IoT Solution Description

ConnecThing.io and Intel are simplifying telematics to allow insurance companies to extract more granular data and, as a result, create better business models for usage-based insurance (UBI). An Intel®-based OBD-II dongle for advanced vehicle telematics and Davra Networks’ IoT Application Enablement Platform (AEP) automate the collection of this data in near-real time, making UBI easier to deliver, more cost-efficient, and more accurate. With pay as you drive (PAYD) policies based on how many miles are actually driven, or even pay how you drive (PHYD) policies based on driving behaviors, consumers can benefit from possibly lower premiums, enhanced safety, and improved claims experiences. With more informed UBI models and predictive analytics, insurers can reduce claim costs, create more accurate risk pricing, modify risky behavior, and improve brand loyalty.

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Supported Communication

Cellular 3G and 4G

Wifi

Technical Features

Usage Based Insurance	Geo Location Services	Compliance Reporting	Drive Behaviour Reporting
Fleet Optimisation Reporting	Vehicle GPS Replay	Backoffice Integrations	Fleet Productivity Reporting
Advanced Geo Services and Layers	Predictive Analytics and Modelling	Fleet Maintenance Reporting

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Usage Based Insurance

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