Based on the popular request from current mobile app customers, Jarus has introduced the Telematics feature to its suite of Property and Casualty Mobile Apps.
By leveraging the built-in sensors that are readily available on user’s smartphones, the telematics feature captures high-fidelity driving data without the need to rely on aftermarket hardware devices, and at a fraction of the cost.
The telematics feature also provides sophisticated algorithms and advanced trip analytics to identify events such as excessive acceleration, speeding, hard braking and cornering, and to compute metrics based on the captured data.
These metrics then assist policyholders in improving their driving behavior, which in turn directly benefits insurers in minimizing their claims related expenses. Insures can then use the results from the analytics to better understand their underwriting risks.
The information can also be used in making accurate pricing decisions and in rewarding policyholders for good driving behavior.
As insurers move toward Usage Based Insurance (UBI), the information gleaned from the trip analytics will become increasingly more valuable.
Along with capturing the telematics data, a highly intuitive user interface displays all of the relevant information on a real-time basis, which includes time, location (latitude, longitude) and vehicle speed. Further, a set of algorithms that runs on the user’s smartphone identifies any faulty driving incidents (excessive acceleration, hard braking and cornering), and displays a cumulative count of those events on the user’s device.
The Jarus App monitors the mobile data connectivity and periodically transmits the logged data to the carrier’s backend system. Once the entire trip data has been collected and transmitted, powerful algorithms running on the backend servers calculate the user’s Trip Score – essentially a measure of how well the driver is operating the vehicle on a scale of 0 to 100, with 100 being faultless.
Subsequently, the user’s Trip Scores and recorded routes are overlaid on a map along with special symbols to mark location, type and severity of the faulty driving incidents.
By clicking on those markers, the user can zoom in to examine those incident areas in detail.