Cisco Jasper (Cisco) Case Studies Transforming insurance pricing while improving driver safety

Transforming insurance pricing while improving driver safety

Cisco Jasper (Cisco)
 Transforming insurance pricing while improving driver safety
Fleet Management (FM)

The Internet of Things (IoT) is revolutionizing the car insurance industry on a scale not seen since the introduction of the car itself. For decades, premiums have been calculated using proxy-based risk assessment models and historical data. Today, a growing number of innovative companies such as Quebec-based Industrielle Alliance are moving to usage-based insurance (UBI) models, driven by the advancement of telematics technologies and smart tracking devices.

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Baseline Telematics, a usage-based insurance solution provider

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Industrielle Alliance partners with Baseline Telematics, a leading developer of insurance telematics solutions, to help transform the way they price and sell car insurance and design innovative programs to help improve driver safety. A connected device inside the car collects information about driver behavior and driving patterns, which can be viewed in real time via a private portal or through weekly email updates.

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Driver Behaviour, Driver Performance Scores, Driving Patterns, Insurance Claims, Vehicle Status
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Emerging (technology has been on the market for > 2 years)
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[Product Improvement - User Acceptance]
Improved reception of UBI program for both parents and young drivers
[Product Improvement - Brand Image]
Enabled Industrielle Alliance to become a thought leader in how they approached insurance and driver safety.
[Product Improvement - Flexibility]
Allow for Baseline to scale and support new customers from automation

Three-quarters of all participating drivers changed their behavior and were able to see the reduction of their monthly insurance premiums.

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