Telematics provider takes driver data in-house in adaptability drive
Telematics company InsureTheBox has unveiled its own telematics platform that gives the company full control over customer data.
The move, branded as “Big Telematics”, seeks to reduce operating costs and improve customer service.
The launch includes a new type of box for recording and relaying motorists’ data, as well as the supporting administration system.
The company said that the new technology would act as a launch-pad for further increases in customer numbers and will also accommodate future technology and product developments by being more flexible and ‘future-proof’.
It will also improve the tracking and alert functions that tell the control centre when a motorist may have had an accident.
InsureTheBox chief executive Mike Brockman said: “We have cut out the middleman and now have full control over the way we use our data and the standards we apply to it. We will also be able to exploit more easily any future technological developments that we choose to incorporate. It makes us more efficient, more adaptable and better able to serve our customers as we continue to grow.”
InsureTheBox project leader Andrea Natali added: “We have created the most advanced telematics ecosystem for insurance purpose available today in the market.”
The upgrade comes as the ABI’s telematics working group is completing work on standards in telematics in collaboration with Polaris and Thatcham. Polaris said that InsureTheBox declined an invitation to contribute to the work.