Solution Financial Services
Usage-Based Motor Insurance on Telematics
A telematics platform on Azure that scores driving behavior in real time and feeds it into pricing, for motor insurers launching pay-how-you-drive products.
-12%Loss ratio in the usage-based segment
35%Of new customers from the usage-based product
Real-timeDriving behavior scoring
Typical outcomes for this kind of engagement. Results depend on your data and starting point.
THE CHALLENGE
Motor insurance has commoditized to price comparison, leaving insurers no way to differentiate or to attract better-than-average risks.
- Market commoditized on price with no basis for differentiation
- No telematics or behavioral data ingestion capability
- Pricing unable to reflect observed driving behavior
OUR APPROACH
CloudGate builds a complete usage-based insurance platform on Azure: high-throughput telematics ingestion from mobile SDK and OBD-II devices through Azure IoT Hub, real-time driving behavior scoring on Microsoft Fabric, and a dynamic pricing feed into policy administration.
- Telematics ingestion from mobile SDK and OBD-II devices through Azure IoT Hub
- Real-time driving behavior scoring on Microsoft Fabric with trip-level detail
- Dynamic pricing feed into policy administration and renewal
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