So you’ve been hearing about mobile telematics — whether on the periphery of your daily research or as a topic on the forefront of your and your company’s interests. You know that adopting telematics solutions are the key to pushing your auto insurance business to the leading edge of the market, and you are likely familiar with many of the common benefits touted by other leaders in the industry: reduced infrastructure costs, more satisfactory customer relationships, improved driving habits from policyholders, and safer roads for all, just to name a few.
But what, specifically, are the tools and features that will help you attain the benefits in question?
Insurance Mobility Solutions
For one, the best telematics systems work for you and your customers — not the other way around. The automated nature of the application’s cloud-based system greatly reduces clerical errors and the time needed to fix them. Customizable, easily usable dashboards enable all team members to seamlessly access, monitor, and analyze raw data streaming from the drivers’ smart devices, allowing your business to apply highly advanced predictive analytics tools in order to craft premiums and policies for each unique policyholder. This method of crafting cars insurance policies is called usage-based insurance (UBI).
On the client’s end, the mobile app monitors the most frequented routes and destinations. In addition to providing real-time data on traffic congestion and weather conditions, the telematics system can even offer safety tips and tricks configured to your driving habits. Furthermore, the best mobile solutions feature teen programs designed to help teens (and other beginners behind the wheel) adopt the safest driving practices . . . contributing one step at a time to securer roads for everyone.
Curious to learn more on how a top-notch mobile telematics application can improve your auto insurance business? For more information, visit (and contact!) us at xemplartelematics.com.