Lower the Frequency and Severity of Claims
Vehicle telematics data is a window into driver behavior. Critical safety information, such as speeding, sudden braking, tailgating, seatbelt usage, and even music volume is collected and stored, but never really analyzed. That’s because a connected car can generate up to 300TB of data per year, far beyond the capabilities of most analytics solutions used by usage-based insurance companies. Yet studies show that usage-based insurance can help lower the frequency and severity of automobile accidents and insurance claims.
Visualize Driver Behavior
OmniSci is the solution for Insurance providers looking to leverage telematics insurance data at incredible speed and scale. With GPU-accelerated analytics on an intuitive platform, insurers and analysts can visualize driver data through maps, charts, and graphs, cross-filter for refinement, or dig into a specific event to provide context, all at the speed of thought. OmniSci’s open-source SQL engine rapidly executes vehicle telematics data queries and enables interactive, zero-latency exploration to drive usage-based car insurance programs.
A New Era of Insurance Analytics
Now insurers can use insurance telematics devices to forecast usage-based insurance trends and tell the difference between good and bad drivers to provide policies that are customized for each individual driver. OmniSci helps insurance telematics companies optimize their UBI (usage-based insurance) offerings to attract a new demographic of customers.OmniSci is used to power analytics use cases that optimize premiums and help underwrite risk at top insurance companies in the United States.
Find out what else OmniSci can do for the Insurance Industry.