Use Data to Provide Targeted Discounts
Aside from safe driving habits, policyholders who drive less can get discounted "mileage policies", and drivers who avoid rush hour can be given a discount for driving at hours where the risk for accidents is lower. Bottom Line
Over time, the information and intelligence from sensor data can equally benefit the insurer and policyholder. Sensor data will not only help insurance providers make cost-effective decisions that will improve their bottom line, it will also provide deeper engagement with loyal policyholders while attracting new ones.
With Raxel's technology on your side, you can collect, analyse and implement the data to reward good drivers and offer competitive rates. Find out more
about how we at Raxel, help insurance providers cut their marketing costs and increase their leads.