Telematics as a solid case for insurance.
Essentially Telematic Service Providers (TSP’s) provide three key areas of enablement toward insurance companies to move toward UBI. The benefits in return towards TSP are then obvious.
The advantage of this from the perspective of the TSP is that by association, leads to the TSP are generated by insurance product sales closed by the insurance company.
The advantage for a TSP making use of Gullwing Telemetry Solutions here is that the TSP standard contracting and pricing is not influenced nor linked to the insurance company that requires the technology. As such, the TSP would retain the maximum from its customer’s ownership and own the customer as a technology user on its own merit.
Gullwing Telemetry Solutions serves as a data translator to enable the TSP to deliver the data in its own methods according to its own best practices and that data may then be translated into different formats to different insurance companies to service their unique products.
The advantage here being that the TSP need not develop at its own cost an entirely separate IT system to address the telematics opportunity.