First Notification of Loss (FNOL) process provides vehicle insurers with fast notifications regarding accidents and claims incidents, enabling faster claim processing, improved response times and better towing services. BlinkApp leverages available smartphone sensors, driving data and contextual data to detect accidents with high accuracy and enable quick FNOL to the insurer companies.
BlinkApp enables Usage-Based Insurance by taking advantage of a number of different sensors and tracking technologies to analyze driving habits, allowing your company to provide customized premiums for different insurers based on their behavior.
Over the time, the variables and factors used for UBI have proven to be better risk assessors compared to traditional rating variables. They extend the range of relevant data and make it possible to evaluate risk based on each individual’s real-world driving behavior, inclinations for safe or dangerous driving practices, trip characteristics, the current condition of the vehicle, the locale of vehicle operation, weather factors, and more.
When installed on the driver’s smartphone, BlinkApp collects and analyzes data about driven miles, driving times and durations, braking, acceleration, speed, cornering and total distance travelled. Monitoring the car and driver’s performance empowers insurance companies to gain – and provide – numerous benefits, including:
BlinkApp helps insurance companies with insightful data and analytics to effectively evaluate insurance premiums based on real consumption and drivers’ risk ratios instead of depreciation only. Adding to traditional assessment data such as driver’s age, license and car model, BlinkApp telematics will encompass comprehensive reports about drivers’ behavior including performance, length of trips, roads taken and driving times.