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Home Explore Artificial Intelligence in Insurance | Inaza.com

Artificial Intelligence in Insurance | Inaza.com

Published by inaza, 2022-11-01 07:23:05

Description: Looking for artificial intelligence in insurance? Inaza.com is an Insurtech startup that uses artificial intelligence to understand risk and help launch innovative insurance products like UBI and embedded insurance. Check our website for more details.

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Multi-Use Policy Provide tailored policies for multi-use and multi-driver scenarios ADDRESS: WEB: Business Centre, NCI, IFSC, Dublin 1, Ireland [email protected]

Market Demand Be ready for Vehicle-as-a-Service The next era of vehicle ownership will require smarter and more personalized insurance 10% $22B of new vehicle registrations for private and in new annual auto financing which corporate customers to be subscription- is up for grabs by new players based by 2025 Superior customer experience and a convenient digital journey are expected by today's mobility customers. DELOITTE [1] B2C to B2B Personalization Vehicle usage and ownership is changing - creating Contextual policies unlocks the new opportunities high level of personalization that customers want New digital technology allows a direct, real-time connection between supply and demand for 80% mobility. [...] offers more comprehensive, bundled packages and fosters new value of customers are craving propositions in the area of car-sharing and personalized offers private rental cars 77% The connected car allows insurance companies to increase overall profits by offering value- are willing to trade their added services behavioral data in exchange for lower premiums and quicker ROLAND BERGER [2] settlements DATAART [3] 1.Deloitte - Vehicle as a Service - https://www2.deloitte.com/de/de/pages/consumer-industrial-products/articles/vehicle-as-a-service.html 2.Roland Berger - Rethinking motor fleet insurance - https://www.rolandberger.com/publications/publication_pdf/roland_berger_motor_fleet_insurance.pdf 3.DataArt - How Insurance Companies Can Adopt Personalization in 2021 - https://www.dataart.com/en/blog/how-insurance-companies-can-adopt-personalization-in-2021 INAZA.COM

Solution EXAMPLE CONDITIONAL RENDERING Shared Mobility Our app can alter the end user experience We are working closely with car manufacurers on the depending on the active future of mobility called \"Vehicle-as-a-Service\". policy This involves multiple UBI and temporary policies to RISK DATA CAPTURE create a multi-driver, all-in-one vehicle monthly subscription model. Capture behavior and environmental risk data We make it easy to to see hidden risks provide tailored insurance for vehicles DATA CAPTURE used in multiple environments. Manage claims, emergency callout, billing and more - all from the app TELEMATICS Automatically collect telematics data - all from a phone with minimal data and battery usage EXAMPLE CONTEXTUAL POLICIES Usage-based insurance for a shared taxi Create different pricing structures depending on Multiple polices can be tied to a single vehicle that price how the end user is depending on what driver is using it. This leads to the using the vehicle, eg. UBI safer drivers being rewarded and dangerous drivers for multiple taxi drivers being made aware of unsafe behaviors. EMBEDDED INSURANCE A usage-based pricing model can be applied so if a driver misses a days work, they do not have to pay We can embed our insurance. solution into existing taxi, delivery and This directly links the users costs with revenue - mobility apps improving the customer experience by giving them flexibility and transparency into billing INAZA.COM

Platform & Pricing COMPOSABLE PLATFORM AI RISK If you see a new gap in the Our AI environmental risk will market, there is no more setup shine a light on predicted needed. You can create a new likeliness and severity of product in days, not months. collisions. DATA PLATFORM SUPPORT Our 3-layer data platform will We provide continuous encourage you to create the support and new features are new data-centric products of constantly rolled-out. the future. EASE OF INTEGRATION Get in touch with Sales We work with you on setup and on [email protected] a rolling basis to integrate with your existing infrastructure. As the platform is composable, we can complete a phased rollout of features so no single integration point is a blocker for deployment. INAZA.COM


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