Telit | Jooycar Offering A New Solution For The Usage-Based Insurance MarketTelit
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Analytics & Modeling - Big Data Analytics
Application Infrastructure & Middleware - Data Exchange & Integration
Application Infrastructure & Middleware - Data Visualization
Infrastructure as a Service (IaaS) - Cloud Storage Services
Platform as a Service (PaaS) - Data Management Platforms
|[Data Management - Data Analysis]|
Jooycar’s selection of IoT hardware and software ushers in the era of truly connected car via telematics data collection through an OBD2 device, smartphone and hybrid data source; data processing, scoring and storage; and rewards based on driver behavior.
|[Data Management - Data Accuracy]|
Jooycar’s exclusive scoring algorithm enables actuarial teams to include new variables and data predictors for more precise UBI risk calculation. This driver score considers factors such as drive times and schedules, as well as variables related to driving habits.
|[Product Improvement - Market Opportunities]|
Jooycar plans on using the rich enterprise integration capabilities of the Telit IoT Platform to further develop their customer base of automotive fleet managers, insurance companies, individual automobile owners and service and repair vendors. The platform’s enterprise integration features enable Jooycar to adapt its IoT deployment to fulfill new business opportunities at a moment’s notice.