123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

Smartphone Telematics Is More Than Ubi (contd.)

Profile Picture
By Author: Harold Leitner
Total Articles: 14
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Many insurers are reluctant to offer smartphone telematics because they think it is only good for usage-based-insurance (UBI). This is not true. Smartphone telematics immediately helps insurers take action to reduce risk and better engage with policyholders.

How are insurers using smartphone telematics without UBI? Many insurers are using telematics-based gamification and incentives to reward safe driving because safe driving reduces the frequency and severity of at-fault accidents

Telematics Gamification

Some telematics solutions include gamification features that make it easy for insurers to create games, manage them, and fulfil games prizes. These games might include:

Rewards – Some incentive for accumulating points accrued from displaying safe driving
Awards – Badges with stars awarded for various safe driving behaviors
Challenges – Peer-to-Peer and Insurer-to-Policyholder safe driving challenges. These challenges can be based on overall driving scores or other safe driving criterion
Push Notification – Messages delivered through the mobile app to update ...
... insureds on game status and prizes.

Telematics Based Incentives

Premium discounts are one way to reward drivers for safe driving. However, these may require filed UBI products, and rebate laws can very wildly from state to state. Many insurers are using non-premium incentives to engage with policyholders, enhance adoption, and keep safe driving at the front of their insureds’ minds.

Rewards incentives can really be anything that resonates and motivates the insured to driver safer. Examples are gift cards, coupons, sweepstakes entries, etc. Non-standard policyholders are typically more money motivated, so a gift card might be a great way build loyalty. Standard policyholders may prefer points-based rewards that can be redeemed for various incentives.

Xemplar Auto 3.5 smartphone telematics solution includes robust gamification and push notification features that allow insurers to easily make safe driving gamification a part of their risk mitigation strategy. Xemplar Auto 3.5 offers fully customizable gamification features out-of-the-box. It’s a perfect fit for insurers of any size who want to engage with policyholders and reduce risk. https://www.xemplarauto.com/

Total Views: 226Word Count: 327See All articles From Author

Add Comment

Insurance Articles

1. 5 Best Tips For Learning Piccolo Quickly
Author: musicinstrumentsins

2. What Makes Woodwind Insurance So Important For Professionals
Author: victor12johnson

3. The Importance Of Private Healthcare Insurance In The Uk: A Comprehensive Guide
Author: Finance Advisors

4. Top 10 Most Popular Guitar Pedals And Why Everyone’s Using Music Gears In 2025
Author: micheljordan4

5. From Mozart To Midi - A New Era For Music Teachers
Author: musicinstrumentsins

6. How Assurekit Is Revolutionizing Embedded Insurance For The Digital Age
Author: GSM

7. Behind The Music - The Musical Instrument Repairers Who Keep Tours Alive
Author: victor12johnson

8. Why Wealth Management Companies Are The Secret Sauce To Financial Success
Author: Drishti Desai

9. Protecting Your Passion - Essential Tips For Touring Musicians
Author: micheljordan4

10. Caring For Your Flute: Maintenance Tips Every Flutist Should Know
Author: musicinstrumentsins

11. The Social Media Effect: How Short-form Music Videos Are Beneficial For Musical Instrument Retailers
Author: victor12johnson

12. Assurekit Is Changing The Insurance Game—here’s How Your Business Can Benefit
Author: Gaurang

13. How To Compare Private Health Insurance In The Uk: A Comprehensive Guide
Author: Finance Advisors

14. Orchestras Meet Tech - How Virtual Reality Is Transforming Classical Music Performance
Author: micheljordan4

15. Why Private Healthcare Insurance In The Uk Is Becoming More Popular
Author: Finance Advisors

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: