Benefits for each of the stakeholders.
Vehicle Owners
Tracking of driving patterns, improving safety and ease of use.
Lower premiums due to identification of fault and safer driving pattern.
Smart connected Vehicle features similar to the top luxury vehicles.
Better Enforcement of third party liability to prevent wrongful damage.
Insurance Companies
Identifying the risk by analyzing the driving pattern prior to any incident (underwriting).
Customer segmentation and dynamic pricing,
Liability determination and cause of incident.
Vehicle misclassification and fraud reduction.
Increase in Products offered and increased penetration.
Government Bodies
Fraud Reduction (both financial and criminal).
VLT functionality
Liability identification.
Improved safety, Better insurance products, increased insurance penetration.
GPS based toll collection to enable better ease of operation, track logistics, reduce travel time and reduce fuel consumption.
AI First Connected Vehicle Ecosystem
Leveraging high performing AI to reduce the infrastructure costs and improve the working efficiencies to identify fraud, improve revenue and create a robust equitable solutions.
Hardware:
Simple Custom IOT device to retrofit existing vehicles. and onboard into the smart connected vehicle Platform
Smart Vehicle Platform:
SDK for smart cars, Ingest, Store and Process the data
from connected
vehicles.
Insights:
Safety,
Emission reduction
Insurance
Road Utilization
Liability
Toll
Analytics:
Privacy Preserving
Machine Learning
Driving Pattern
Fault Determination
Connected Vehicles : SOlution Impact
- Insurance:
- Custom Personal Underwriting.
- Average motorist is expected to save $50-100 or Rs 4000 - Rs 8000 per vehicle with distance-based insurance, and more.
- Data Based new products to increase penetration.
- Black Box Functionality enables better Third-Party Liability, improving safe driving behavior.
- Quicker Claim processing and analysis leads to better service for the insured.
- Safety:
- Higher-Risk Driving will be identified using fair and unbiased AI.
- High risk drivers would pay higher premiums, hence have the greatest incentive to reduce or change their driving.
- Emissions:
- GPS based tolling enables vehicles to drive through the toll plazas uninterrupted=a predicted to reduction in emissions by 4-6%, particularly large vehicles.
Connected Vehicles : SOlution Impact
- Public Transport Infrastructure Utilization:
- Digital infrastructure
- Identification of traffic congestion, road and parking facility costs, accident risk, pollution emissions.
- Liability Identification.
- Affordability:
- Converting to Driving/Usage-based costs makes vehicle purchase, leasing, insurance, and registration more affordable and demand based.
Privacy First
- India’s first On-Board Processing Analytical hardware to ensure customer privacy.
- The customer always choose what data is being shared.
- The data stored, transferred and secured throughout the process using software and hardware encryption.
- The aggregated data used will be anonymized using differential privacy practices to enable privacy of the user.
Work with us
Mailing Address
SP Residency, Jai Hind Residency, Manchirevula,
Hyderabad, Telangana, 500008
Email Address
hello@autosure.ai
Phone Number
+91 7995690390