TICKER
HOW IS DATA COLLECTED FROM THE CAR ?
DID YOU KNOW ...
For a connected motor insurtech like Ticker , it all comes down to the quality and richness of data . Ticker is agnostic to the data collection method , as long as what comes through is granular , accurate and can be used to improve pricing sophistication and customer experience . Ticker ’ s products use self-install connected devices , which the customer either plugs into their vehicle or sticks to the windscreen . These send driving data ( specific to the product ) to Ticker and provide data visualisation for the customer through the Ticker app .
How does Ticker use the connected car data ? Connected car data fuels Ticker ’ s growth . The more detailed and predictive data , the better the outcome for the customer and for the business . From a customer experience point of view , the data collected is used to :
• Verify the insurance details provided
• Work out driving behaviour or usage
• Calculate the renewal quote “ Doing this means we can attract the kind of driver that will do well with Ticker . It also helps us reduce fraud ( a major issue in the insurance industry ), which will ultimately make insurance cheaper for everyone with Ticker .”
160 February 2022