Sekurus International

UBI Solutions

As an insurance company, you are facing the double-challenge of offering a premium that will attract customers, while minimizing the claim risk.
Your clients are smart, and want to be treated smartly too. That’s why they are looking for a pricing solution, such as dynamic and adapted offers, that will provide them more control and rewards towards their car insurance premium. Sekurus’s Automotive Insurance Solution enables insurance companies to track and measure clients’ driving patterns in order to provide a usage-based insurance (UBI) program, also known as telematics, black box insurance or PAYD / PHYD / MHYD business models (Pay As You Drive, Pay How You Drive, Manage How You Drive).

It is a win-win for both parties, since the policyholder can control his premium by having a responsible driving behavior, which in turn reduces the reclamation risk for the insurance company.



Insurance Telematics Canada



What do you think are the most business-critical benefits enabled by UBI?


4.2%

INCOME FROM VALUE-ADDED SERVICES
5.6%

IMPROVED CLIENT RELATIONSHIP
12.7%

IMPROVED CUSTOMER RELATION
12.7%

REDUCED CLAIMS AND
COST
9.9%

ATTRACT LOWER-RISK
DRIVERS
16.9%

CHANGED DRIVER BEHAVIOUR(IMPROVE BAD RISK)
38.0%

MORE ACCURATELY PRICED RISK

Insurance Telematics Canada


How critical are the following factors in designing a sucessfull ubi product?

Consumer engagement
32.4%
Focus and market segmentation
18.3%
Consumer education
14.1%
Insurance premium discounts
14.1%
Tracking device selection(OBD2 dongle,smartphone,etc.)
9.9%
Rewards other then discounts
8.5%
Marketing
2.8%

NUMBER OF UBI POLICIES IN THE WORLD


5 Millions
mobile asset tracking, mobile fleet tracking, mobile gps locator, mobile gps tracking, mobile phone gps tracking, mobile phone tracking, nextel gps tracking, personnel tracking, phoenix gps tracking, portable gps tracking, security tracking, shoes gps tracking, slimtrak gps, spy gps, spy gps tracker, stolen vehicle tracking, telematics, telematics vehicle tracking