Telia Case Studies Safety First with Folksam

	Safety First with Folksam Telia

Safety First with Folksam

Telia

Technology Category	Functional Applications - Remote Monitoring & Control Systems Infrastructure as a Service (IaaS)
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Usage-Based Insurance
Challenge	The competitiveness of the car insurance market is driving UBI growth as a means for insurance companies to differentiate their customer propositions as well as improving operational efficiency. An insurance model - usage-based insurance ("UBI") - offers possibilities for insurers to do more efficient market segmentation and accurate risk assessment and pricing. Insurers require an IoT solution for the purpose of data collection and performance analysis Read More
About Customer	Folksam is one of the largest insurance companies in Sweden. Owned entirely by its customers, Folksam is continuously engaged in research and development to find new ways to support it customers in driving safely on the road and, ultimately to save lives. Read More
Customer Name	Folksam Read More
Solution	With Telia Sense, Folksam is now launching the most comprehensive user-based insurance solution in Sweden, offering it to owners of both new and older cars. By evaluating how customers interact with risk when driving, insurance companies can boost profitability, as well as induce safer driving behaviour and ultimately save lives. Insurers can improve pricing, allow claims to be closed more quickly as well as improve loss adjustment rations by automation. Read More Log in to view content
Contents

Technology Category

Functional Applications - Remote Monitoring & Control Systems

Infrastructure as a Service (IaaS)

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Usage-Based Insurance

Challenge

The competitiveness of the car insurance market is driving UBI growth as a means for insurance companies to differentiate their customer propositions as well as improving operational efficiency. An insurance model - usage-based insurance ("UBI") - offers possibilities for insurers to do more efficient market segmentation and accurate risk assessment and pricing. Insurers require an IoT solution for the purpose of data collection and performance analysis

About Customer

Folksam is one of the largest insurance companies in Sweden. Owned entirely by its customers, Folksam is continuously engaged in research and development to find new ways to support it customers in driving safely on the road and, ultimately to save lives.

Customer Name

Folksam

Solution

With Telia Sense, Folksam is now launching the most comprehensive user-based insurance solution in Sweden, offering it to owners of both new and older cars. By evaluating how customers interact with risk when driving, insurance companies can boost profitability, as well as induce safer driving behaviour and ultimately save lives. Insurers can improve pricing, allow claims to be closed more quickly as well as improve loss adjustment rations by automation.

Benefit #1	With Folksam's new UBI offering, the customer receives an app journal advice on how to drive more safely, and up to a 20% discount of their insurance premiums for doing so.

Benefit #1

With Folksam's new UBI offering, the customer receives an app journal advice on how to drive more safely, and up to a 20% discount of their insurance premiums for doing so.

Partners	Telia

Partners

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Overview

Safety First with Folksam

Quantitative Benefit

Technology