Pranab Ganguly’s Post

Imagine never overpaying for car insurance again. One innovative startup is making this a reality. Flitter, a French insurtech company, is revolutionizing the auto insurance industry with its usage-based model. By leveraging telematics and AI, Flitter tailors premiums to individual driving habits, potentially saving customers up to 50% compared to traditional policies. But Flitter isn't just about savings - it's also focused on error-proofing the insurance process. Their fully digital platform eliminates manual data entry errors and streamlines claims handling, reducing mistakes that can cost both insurers and policyholders. Key achievements Flitter is targeting: • 30,000+ customers acquired in just 18 months • Tripled policyholder base in the last year  • Recently launched connected car offering • Aiming for profitability by end of 2024 As the €150 billion European car insurance market evolves, could usage-based models become the new standard? #Insurtech #MotorInsurance #Innovation #AI #Telematics"

#InsuranceNation #automobilenews #insurancenews #gasbuddy #trackingyourmove A recent report from The New York Times named three popular apps — Life360, MyRadar, and Gas Buddy — as recording and sharing driver data with Arity, an Allstate-owned analytics company. Arity, in turn, uses the information to create consumer “driving scores” that insurance companies can purchase “instantly.” https://lnkd.in/eg6TPEgy

Insurance companies that have a better understanding of risk are more equipped to make pricing decisions and can offer more value to their customers. DriveQuant helps insurers develop and launch connected car programs. Its technology equips insurers with a toolbox, enabling them to introduce connected insurance products like Pay-As-You-Drive and Pay-How-You-Drive, matching premiums with actual risk, and implementing digital road safety programs to improve driver safety. DriveQuant also provides connected services such as crash detection, eco-driving coaching and targeted assistance whilst engaging with customers and enhancing customer loyalty through driving challenges. Learn more here: https://lnkd.in/eNCdmfHy #insurtech #insurance #innovation #ITCDIAAMS Philippe Moulin

Telematics. Connected vehicles. Gamification. Cloud. Generative AI. The insurance landscape is changing faster and more dramatically than ever. At #ICTF2024, coming up on Tuesday, February 27th in Toronto, explore cutting-edge uses of technology in the industry, find out what your competitors might be looking into, network with peers, and hear industry leaders address key topics: https://lnkd.in/epWKepVy #connectedvehicles #connectedvehicle #cloud #cloudcomputing #cloudinfrastructure #cloudarchitecture #cloudinnovation #cloudadoption #generativeai #genai #artificialintelligence

As brands and automakers leverage embedded insurance, they position themselves as trusted partners, adding value throughout the customer life cycle. Through targeted offerings, insurers can effectively reach new customer segments and deliver tailored solutions that resonate at every touchpoint. For example, EV maker Fisker is providing its customers the chance to get personalized coverage via a digital experience. Upon placing an order for a vehicle, Fisker customers in Austria, Belgium, Denmark, France, Germany and the Netherlands can access and subscribe to insurance policies tailored to their car models and estimated annual journey distance. Another key example is NIU Technologies, a leading provider of smart urban mobility solutions, which launched a pan-European embedded insurance program in 2023 to enable its customers to easily get the right insurance for their electric mopeds. The insurance program is omnichannel and its customers have two easy options to get a quote and subscribe to an insurance policy: an in-shop experience before being redirected to a digital solution or a fully digital process through Niu’s app. By Quentin Colmant, CEO & Co-founder of Qover https://lnkd.in/ewqHTR7e #embeddedinsurance #openinsurance #insurtech #autoinsurance #insurance

The auto insurance industry is evolving rapidly, driven by data, analytics, and scoring technologies. By leveraging vast data sets and advanced analytics, insurers are creating more personalized, fair, and affordable rates for customers. From telematics and mobile apps to real-time data from connected cars, modern auto insurance is all about tailored experiences, accurate risk assessments, and enhanced customer engagement. Discover how these innovations are reshaping the industry in this InsuranceNewsNet article. ⤵️ #AutoInsurance #InsurTech #DataAnalytics #MachineLearning #Telematics https://lnkd.in/eg8AvSvy

Introducing GLOSSI App – Revolutionising Car Rental Experience and Insurance Claims Experience We are thrilled to announce the launch of GLOSSI App, a groundbreaking solution designed to streamline and enhance the car rental and insurance claims process. Our innovative technology is set to transform the way you rent cars and file claims, offering unparalleled detection and report creation using computer vision and machine learning technology. 🔹 Detect Dents and Scratches: Instantly identify and assess damage. 🔹 Ensures Transparency and Accountability: Reliable reports for all parties involved. 🔹 Streamlines Claims: Simplifies the claims process for faster resolutions. At GLOSSI, we believe in pushing the boundaries of what's possible. With our app, you can expect improved accuracy, streamlined claims processing, and enhanced transparency. Whether you’re a car rental agency or an auto insurance company, our product is designed to help you achieve efficiency and trust. Stay tuned for more updates, behind-the-scenes insights, and exclusive content. We can’t wait to show you what we’ve been working on! 👉 Learn more about GLOSSI on our website: https://www.glossi.app #ProductLaunch #Innovation #TechRevolution #CarRental #AutoInsurance #Insurance #GlossiApp

Unlock the Future of Auto Insurance with Telematics App! 🚗📱 Dive into the 5 game-changing advantages that make smartphone-based telematics the ultimate choice for your insurance business. From cost-effectiveness to real-time insights, discover why this tech is revolutionizing the industry! Click to explore more. https://artificient.de/ #telematics #app #insurance #innovation #riskmanagement

*Helping customers ... this minute!* Insurance has often influenced customers to better manage their risks. Example: auto insurance. Years ago, self-reported distance driven, driving infractions, etc., influenced renewal premium. Then basic telematics technology provided additional driving habit data. As technology improved, feedback about each drive could be fed back to the driver. By adding gaming – comparison to a peer group – the potential to improve driver experience expanded. Apps on smart phones could capture yet more driver behaviour, and the opportunity for instant feedback. A camera (dashcam) detects driver attention; voice prompts offer real-time driver coaching. Yes, technology can help manage risk. The technology evolution continues. A recent announcement claimed more accurate detection of low-speed crashes. Some now offer immediate customer assistance when a severe crash is detected. In a recent article, “Oops! The Futurologists Were Wrong” (read it at https://lnkd.in/ejbUTjpr), Matteo Carbone references Nationwide's experience with telematics: “These results come from a 10-year journey using the telematics data. Nationwide is firmly convinced that telematics is a permanent fixture in the insurance landscape and will persist in its evolution.” This is applicable well beyond auto insurance. Yes, knowing your insurance customer better brings positive results, for them, and for you. Explore more at #ICTF2024, just three weeks away: https://lnkd.in/gVVQNwPe #insurance #insuranceindustry #insurtech #insurtechs #KYC #customerexperience #autoinsurance #telematics #riskmanagement #gamification #event #events

`Intuit Acquires Zendrive Technology to Boost Karma Drive Learn more & get our take 👇 https://lnkd.in/gQQdgTtu "Zendrive's mission is to make roads safer with data and analytics, and we pride ourselves on delivering experiences that help create awareness for safe driving habit. Intuit’s customer-obsessed culture is a perfect match for our team. Together we will democratize access to fair insurance for all Americans based on their driving habits, not their financial situation." — Dennis Ellis, CEO at Zendrive "Karma Drive gives our members access to personalized discount offers based on safe driving habits, without first having to purchase a policy. With Zendrive's technology and expertise, we strive to make usage-based auto insurance more accessible than ever and bring more transparency, fairness, and accuracy to consumer auto insurance pricing, while providing insight into their driving behaviors." — Joe Kauffman, President at Credit Karma #acquisition #intuit #SoTNews