Create competitive insurance products powered by data and tailored for the sharing economy
“Business as usual” isn’t going to make you competitive enough to carve out a piece of the growing sharing economy pie. The sharing economy is unique, thus rendering “old-world” risk models moot. You need to transform how you manage risk and deliver products and premiums that attract sharing economy clients.
Applying risk models from the auto or other markets to the sharing economy paints a blurry picture of how profitable your business really is. There’s no way of telling which types of transactions are most profitable or which result in loss and greater liability. The outcome: a challenging prediction of loss-ratio and underwriting results, and pricing driven by competition rather than actual data.
AUGMENTED UNDERWRITING WITH GRANULARITY
Connected Insurance for insurers transforms the way cover is assigned for the sharing economy. Using a usage-based, data-driven approach, we’re able to leverage our cutting-edge AI to gather and ingest critical and relevant data, and deliver accurate premiums in real-time.
Insurers with access to transparent insurance gain:
Access a complete risk and utilization dashboard including insurance cost breakdown leverage market-leading technology to reduce exposure to loss events.
Create Innovative Sharing Economy Product
Develop more competitive and attractive products with new pricing models that fit the sharing economy era based on real-time data.
Greater Client Loyalty
Deliver Usage-Based Insurance and Risk-Driven Pricing with complete transparency. Work with data-driven underwriting to deliver your clients better accuracy and communication on an ongoing basis
Bottom Line Value
Deeper insights in fleet performance deliver accurate risk for your digital platform. With a clear idea of which transactions are less profitable or result in losses, you can transform your business by identifying transactions that offer less risk and greater profitability.
Live Connected Claims
Streamline your claims handling process with digital claims management and fraud detection integrated into your platform. Our 360° Claims monitoring dashboard shows a live view of all claims, including claims that fall under self-insurance.
See How Connected Insurance Works
Go behind the scenes for a glance at how we leverage data and our powerful AI to deliver real-time, accurate insurance.
Uncover your true loss cost by scheduling a call with us. We’ll show you how implementing our powerful AI, data-driven, augmented underwriting solution can transform your approach to sharing economy insurance from old and blurry into real-time and precise.