Case Studies Transforming insurance pricing while improving driver safety
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Transforming insurance pricing while improving driver safety

 Transforming insurance pricing while improving driver safety  -  Industrial IoT Case Study
Analytics & Modeling - Real Time Analytics
Functional Applications - Remote Monitoring & Control Systems
Sensors - Camera / Video Systems
Finance & Insurance
Logistics & Transportation
Driver Performance Monitoring
Usage-Based Insurance

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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A usage-based insurance solution provider
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Baseline Telematics
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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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[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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