Connected Car Data for
Insurers
Reinvent automotive insurance from end to end
Insurance companies around the world are engaging with Otonomo to build new capabilities for flexible, next-generation insurance products based on connected car datasets. With ready access to this valuable data in formats that are usable and actionable, your company can get more customers, increase profitability with faster, better underwriting and claims processing, and create better policyholder experiences.
Ready to learn more about how you can utilize connected car data in your insurance company?
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Streamlined Integration
Access data from multiple OEM sources through a single integration with less incremental development effort.
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Enriched Datasets
Make immediate use of connected car data. Our platform aggregates, cleanses, normalizes, and enriches it for your needs.
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Privacy by Design
Consistently manage necessary consent flows between OEMs and insurers across multiple makes and models owned by policyholders.
Insurance Companies Can Use Connected Car Data for:
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Usage-Based Insurance
Use connected car data to offer innovative usage-based insurance (UBI) products, including pay-as-you-drive (PAYD) and pay-how-you-drive (PHYD). Tap into automated mileage verification, time-of-day tracking, and driver behavior monitoring. Connected car data eliminates one of the biggest barriers to UBI: the prohibitive cost of deploying and managing telematics devices. -
Driver Behavior Monitoring and Feedback
Monitor driving habits such as speed, braking, steering, and acceleration in real time. Provide feedback to the driver or a parent through your mobile app. -
Mileage Verification
Instantly verify vehicle mileage to initiate a new policy, renew an existing one, or trigger invoicing. Odometer readings collected directly from the car are always accurate and up to date. -
First Notice of Loss, Claim, and Incident Reporting
Detect the occurrence of an accident in near-real time using car data. Initiate driver assistance and support timely vehicle assessment, repairs, and claims processing. Facilitate faster recovery of stolen vehicles. J.D. Power reports that 83% of policyholders who have had a positive claims experience renew, vs. only 10% who have had a negative experience. -
Accident Reconstruction
Assess valuable information such as time-stamped speed, acceleration, braking, signaling, and environmental conditions to improve your accident reconstruction modeling. Match accident data against standards to eliminate fraudulent claims. -
New Driver Education
Provide new drivers with feedback based on their actual driving behavior to improve their skills.
Contact us to find out about the automotive data parameters available for insurance industry applications
Dive in Deeper
FEATURED DATASET
Mercedes-Benz Data
Build EV services for Mercedes-Benz customers with real-time data from connected cars.
Brochure
Insurance Solutions
Otonomo supports flexible, next-generation insurance products based on car data and helps providers quickly scale these programs.
