Telit Case Studies Telit | Jooycar Offering A New Solution For The Usage-Based Insurance Market

	Telit \| Jooycar Offering A New Solution For The Usage-Based Insurance Market Telit

Telit | Jooycar Offering A New Solution For The Usage-Based Insurance Market

Telit

Technology Category	Analytics & Modeling - Big Data Analytics Application Infrastructure & Middleware - Data Exchange & Integration Application Infrastructure & Middleware - Data Visualization Infrastructure as a Service (IaaS) - Cloud Storage Services Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Automotive
Applicable Functions	Business Operation
Use Cases	Usage-Based Insurance
Challenge	Jooycar sought to provide an end-to-end, cloud-based insurance telematics platform focused on creating value insurers and enhancing policyholders’ experience. Its usage-based insurance (UBI) solution demanded various data inputs and outputs, including automotive data collection, user data collection and output to many possible data bases and applications. To create such a flexible smart car platform, Jooycar enlisted the help of Telit’s IoT technology and expertise. Read More
About Customer	- Read More
Customer Name	Jooycar Read More
Solution	The data-centric approach of Telit IoT Platform gave Jooycar a broad range of functions related to data collection, data transport, data storage and data delivery. The company took advantage of a variety of approaches for creating dashboards, web-based and mobile apps as well as integrating with enterprise systems or cloud-based big data analytics solutions. Read More Log in to view content
Data Collected	Drive Time, Driver Behaviour, Telematics data Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Big Data Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Application Infrastructure & Middleware - Data Visualization

Infrastructure as a Service (IaaS) - Cloud Storage Services

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Automotive

Applicable Functions

Business Operation

Use Cases

Usage-Based Insurance

Challenge

Jooycar sought to provide an end-to-end, cloud-based insurance telematics platform focused on creating value insurers and enhancing policyholders’ experience. Its usage-based insurance (UBI) solution demanded various data inputs and outputs, including automotive data collection, user data collection and output to many possible data bases and applications. To create such a flexible smart car platform, Jooycar enlisted the help of Telit’s IoT technology and expertise.

About Customer

Customer Name

Jooycar

Solution

The data-centric approach of Telit IoT Platform gave Jooycar a broad range of functions related to data collection, data transport, data storage and data delivery. The company took advantage of a variety of approaches for creating dashboards, web-based and mobile apps as well as integrating with enterprise systems or cloud-based big data analytics solutions.

Data Collected

Drive Time, Driver Behaviour, Telematics data

Impact #1	[Data Management - Data Analysis] Jooycar’s selection of IoT hardware and software ushers in the era of truly connected car via telematics data collection through an OBD2 device, smartphone and hybrid data source; data processing, scoring and storage; and rewards based on driver behavior.
Impact #2	[Data Management - Data Accuracy] Jooycar’s exclusive scoring algorithm enables actuarial teams to include new variables and data predictors for more precise UBI risk calculation. This driver score considers factors such as drive times and schedules, as well as variables related to driving habits.
Impact #3	[Product Improvement - Market Opportunities] Jooycar plans on using the rich enterprise integration capabilities of the Telit IoT Platform to further develop their customer base of automotive fleet managers, insurance companies, individual automobile owners and service and repair vendors. The platform’s enterprise integration features enable Jooycar to adapt its IoT deployment to fulfill new business opportunities at a moment’s notice.

Impact #1

[Data Management - Data Analysis]
Jooycar’s selection of IoT hardware and software ushers in the era of truly connected car via telematics data collection through an OBD2 device, smartphone and hybrid data source; data processing, scoring and storage; and rewards based on driver behavior.

Impact #2

[Data Management - Data Accuracy]
Jooycar’s exclusive scoring algorithm enables actuarial teams to include new variables and data predictors for more precise UBI risk calculation. This driver score considers factors such as drive times and schedules, as well as variables related to driving habits.

Impact #3

[Product Improvement - Market Opportunities]
Jooycar plans on using the rich enterprise integration capabilities of the Telit IoT Platform to further develop their customer base of automotive fleet managers, insurance companies, individual automobile owners and service and repair vendors. The platform’s enterprise integration features enable Jooycar to adapt its IoT deployment to fulfill new business opportunities at a moment’s notice.

Partners	Telit

Partners

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Overview

Telit | Jooycar Offering A New Solution For The Usage-Based Insurance Market

Operational Impact

Technology