In partnership with the reinsurance giant Munich Re and the geo-location specialist Axon Vibe, the ONE Insurance Company from Liechtenstein developed the ONE Coach function, called "telematics for humans".
Internet resource UkrInsurance has learnt from the ONE Insurance message that the encryption technology function anonymously analyzes the user's data: working time, sleep and traffic duration.
According to ONE, the motion detectors and GPS in mobile phone are the data source allowing application users to track the changes in risk appraisal depending on their lifestyle.
"Having a low risk score gives bonus points that can be converted into a reduction in insurance rates", commented ONE Insurance spokesman. The co-founder and chief marketing specialist Alexander Huber clarified: "Until now, insurance rates for customers consisted of statistical calculations. The individual risk was also calculated that way. However, it is different from the client's living conditions".
Source: https://www.ukrstrahovanie.com.ua/news/munich-re-uchastnik-insurtech-proekta-dlya-otsenki-riskov-v-individualnom-strahovanii
Photo per websites: twitter.com, slovami.net
