OptiInsure – Telemetric Pay-As-You-Drive insurance solution
Extensive experience in the field of insurance software development and the awareness of global trends in the insurance industry have led Adacta Group to develop an innovative Pay-As-You-Drive insurance solution branded as OptiInsure.
OptiInsure is a complete, modular and fully integrated usage based insurance (UBI) solution enabling insurance companies, which pursue new market opportunities, to introduce new Motor Third Party Liability (MTPL) and Casco car insurance products, based on driven kilometrage. Such insurance products are most attractive for groups of costumers, who drive less, such as senior drivers, drivers of family, city or sports cars.
Pay-As-You-Drive concept offers herewith an opportunity to increase the market share and to profit from increased sales, lower claims and operational efficiency.
Integrated solution OptiInsure consist of a telemetric device (see picture) and web-based customer oriented business application, supporting underwriting as well as kilometrage, policy and device monitoring and administration. Optiinsure application is fully integrated with the policy administration module within Adacta’s insurance business software AdInsure.
Most important advantages of the OptiInsure Pay-As-You-Drive insurance solution are:
- Telemetric device is constantly transmitting kilometrage data from the car odometer to the insurance company via GSM module;
- No GPS technology and therefore no privacy concerns of potential customers;
- Low price and simple “plug and play” installation;
- Fraud-proof technology;
- Modular but integrated solution covering all relevant business processes;
- Rapid implementation;
- Customised licensing models.