Novatel Wireless and SeeControl Introduce End-to-End Usage Based Insurance Solution
The UBI solution suite being demonstrated consists of pan-European connectivity, back office analytics, business and consumer facing applications as well as turnkey auto-provisioning support for Novatel Wireless MT 3000/ MT 3050 devices using the N4A™ CMS platform, enabling consumer plug-n-play self-installation. Combined with the SeeControl UBI application, the solution provides for a quick, easy and customized implementation per insurer. It offers key features designed to help capture new customers, reduce risk and eliminate fraud in claims processing:
- Policy/Contract Management
- Driver Risk Profiles
- Customizable Driver Rating Algorithms
- Multiple driver, multiple policy support
- Market / Demographic Segmentation
- Helpful tools for consumers such as diagnostic data plus oil change and maintenance reminders
- Expansive telemetry options including speed, miles driven, idle time, harsh acceleration, harsh braking, possible accident, possible theft
- Accident reconstruction
- Full control of GPS data collection on a regional basis to comply with governmental and consumer privacy concerns
"The insurance companies are rapidly embracing UBI and pay-as-you-drive applications in order to offer aggressive discounts to drivers based on their actual driving statistics and behaviors," says
The pre-integrated solution suite brings together all the elements needed for an insurer to rollout a program in weeks, not years. It combines the cloud-based, enterprise grade application from SeeControl that brings workflow, visualization and analytics together with the
"The recent success of insurance telematics programs shows that consumers and businesses overwhelmingly understand the linkage between verifiable safe driving through telematics and lower premiums. They are eager for it to be widely available," says
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This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, new product introductions, continued acceptance of
(C) 2012 Novatel Wireless, Inc. All rights reserved. The
About
SeeControl enables M2M integrators and IT developers to easily create tailored apps that wirelessly connect to remote assets, analyze their performance and manage the business processes around them. Over one-hundred companies in seven countries rely on SeeControl to predict operational needs ahead of time and act automatically to drive higher service, revenue and efficiency.
Contacts:
Tel: (858) 431-3711
Email: ir@nvtl.com
Tel: (858) 812-3431
Email: crubin@nvtl.com
SeeControl
Tel: 866-523-7271
Email: jcichon@seecontrol.com
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