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Telematics Beyond Devices
Transcript of Telematics Beyond Devices
Cognizant Telematics Practice Leader
201-220-8614 Kimberley.firstname.lastname@example.org Jeff Wallace
Cognizant Mobility Practice Leader
510-859-4636 Cognizant's Insurance Telematics program approach Conclusion UBI is a disruptive technology for insurers and policyholders. UBI has a technology risk in insurance. Involve an expert for program management and roadmap development. Make sure you have a strategy to maximize the ROI by leveraging deeper analytics in claims, mobility solutions and connected car services. Choose a UBI platform based on your current needs and future wants. Differentiate for competitive advantage with a UBI product plus value added services UBI requires a holistic view UBI functional architecture Collaborate for seamless business as usual UBI needs Big Data solutions Telematics can generate volumes of data that are orders of magnitude larger than what insurers have dealt with historically 100,000 cars sending data every alternate second can be more than 2 petabytes of data for one year. Imagine the computing power required to analyze it real-time and send information back to the driver Telematic devices can generate petabytes of data and insureres typically do not have the platform to handle it Application of telematics in claims investigation and servicing Telematics transformed FNOL process Value of UBI - ROI over time Mobility can help enhance "Driving Experience" Mobility can help foster a safe driving environment Gamification helps in further adoption of safer driving Connected Car objectives Connected car - Solution canvas Cognizant has relationships with top 9/10 auto manufacturers (OEM’s) Creating solutions and interconnectivity for insurers, OEM’s, and retail email@example.com