Transforming insurance through telematics
Wipro AutoInsights Telematics Insurance uses telematics devices and machine learning analytics to offer contextual drive pattern analytics and real-time views of insured risk analytics. The differential pricing model is based on real time contextual usage data.
The platform offers theft alert and geofence capabilities to help prevent vehicle thefts. Stolen vehicle recovery and automated FNOL (First notification of loss) help to recover the vehicles in case of theft.
The cognitive claim processing using voice-based engagement with the insured helps reduce time and effort involved in claim processing.
With the capability to detect a crash and recreate the crash scenario comprehensively, accident reconstruction enables a detailed analysis on the liability and the cause of the accident. It facilitates evaluation of fraud as well as bodily damage and improves quality of underwriting through insights on distraction, driving behavior, vehicle health and context.