Case Studies > Insurance Risk Assessment – Determine Policy Premiums Using Telematics
BFSI
Insurance Risk Assessment – Determine Policy Premiums Using Telematics
An insurance company employs telematics for insurance to determine appropriate insurance policy premiums and perform accurate risk assessments. The insurance company needed a smarter new-age solution to determine suitable vehicle policy premiums by considering various metrics and vehicle details.
The set targets were:
- To determine policy premiums
- To ensure policy rates calculated are accurate in terms of assessing the risk for vehicle insurance
- To track stolen vehicles and save on claim settlements
BFSI
Insurance Risk Assessment – Determine Policy Premiums Using Telematics
An insurance company employs telematics for insurance to determine appropriate insurance policy premiums and perform accurate risk assessments. The insurance company needed a smarter new-age solution to determine suitable vehicle policy premiums by considering various metrics and vehicle details.
The set targets were:
- To determine policy premiums
- To ensure policy rates calculated are accurate in terms of assessing the risk for vehicle insurance
- To track stolen vehicles and save on claim settlements
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