IoT-ENABLED USAGE BASED INSURANCE SOLUTION

INDUSTRY SOLUTIONS

According to the Usage-Based Insurance Market Report 2022 by Research and Markets, the market is expected to grow to $132.02 billion in 2026 at a compound annual growth rate (CAGR) of 24.9%. The growth is mainly propelled by the expansion of the automotive industry. With such a huge market potential, thinking one step ahead will give insurers a significant competitive advantage.

Jimi's Usage Based Insurance (UBI) telematics solution provides a variety of data regarding how policyholders drive, when they drive, and where they drive. This data is presented in intuitive graphs and lists, enabling auto insurance companies to offer low premiums to low-risk drivers and high premiums to high-risk drivers and to motivate high-risk drivers to correct their driving habits. Apparently, this will help auto insurance companies win and retain customers, improve operational efficiency, and make claim processing more efficient.

IoT-ENABLED USAGE BASED INSURANCE SOLUTION
INDUSTRY SOLUTIONS

According to the Usage-Based Insurance Market Report 2022 by Research and Markets, the market is expected to grow to $132.02 billion in 2026 at a compound annual growth rate (CAGR) of 24.9%. The growth is mainly propelled by the expansion of the automotive industry. With such a huge market potential, thinking one step ahead will give insurers a significant competitive advantage.

Jimi's Usage Based Insurance (UBI) telematics solution provides a variety of data regarding how policyholders drive, when they drive, and where they drive. This data is presented in intuitive graphs and lists, enabling auto insurance companies to offer low premiums to low-risk drivers and high premiums to high-risk drivers and to motivate high-risk drivers to correct their driving habits. Apparently, this will help auto insurance companies win and retain customers, improve operational efficiency, and make claim processing more efficient.

CHALLENGES
NO
CHALLENGES
NO
SOLUTION

DEVICE  The Jimi plug-in OBD or hard-wired trackers, dashcams, or other monitoring devices installed in vehicles collect telematics data, including collision events, driving hours, mileage, fuel consumption, driver attentiveness, and driving behavior, and upload the data to a cloud server over cellular networks. In the meantime, the device will give voice reminders if the policyholder shows signs of distraction or fatigue, or has been using the phone or driving recklessly. And if an emergency occurs, the panic button allows drivers to summon assistance in a single press.

CLOUD  The could server analyzes the uploaded data and visualize the data on Tracksolid Pro or your own platform in intuitive graphs and lists for easy reading. These critical data will be retained on the cloud server for 3 months at most.

PLATFORM  The platform presents the data in graphs, lists, and easy-to-read texts. The platform is easy to use and requires no special knowledge. The platform, working in conjunction with Jimi trackers, DVRs or peripherals, allows insurers to track the locations of policyholders’ vehicles in real-time to send instant help if emergencies occur or recover stolen ones in the earliest time possible, live streaming the images from multiple cameras, and check the fuel and mileage data anytime, anywhere, on any device.

SOLUTION

DEVICE  The Jimi plug-in OBD or hard-wired trackers, dashcams, or other monitoring devices installed in vehicles collect telematics data, including collision events, driving hours, mileage, fuel consumption, driver attentiveness, and driving behavior, and upload the data to a cloud server over cellular networks. In the meantime, the device will give voice reminders if the policyholder shows signs of distraction or fatigue, or has been using the phone or driving recklessly. And if an emergency occurs, the panic button allows drivers to summon assistance in a single press.

CLOUD  The could server analyzes the uploaded data and visualize the data on Tracksolid Pro or your own platform in intuitive graphs and lists for easy reading. These critical data will be retained on the cloud server for 3 months at most.

PLATFORM  The platform presents the data in graphs, lists, and easy-to-read texts. The platform is easy to use and requires no special knowledge. The platform, working in conjunction with Jimi trackers, DVRs or peripherals, allows insurers to track the locations of policyholders’ vehicles in real-time to send instant help if emergencies occur or recover stolen ones in the earliest time possible, live streaming the images from multiple cameras, and check the fuel and mileage data anytime, anywhere, on any device.

BENEFITS
BENEFITS
HARDWARE

According to the Usage-Based Insurance Market Report 2022 by Research and Markets, the market is expected to grow to $132.02 billion in 2026 at a compound annual growth rate (CAGR) of 24.9%. The growth is mainly propelled by the expansion of the automotive industry. With such a huge market potential, thinking one step ahead will give insurers a significant competitive advantage.

Jimi’s Usage Based Insurance (UBI) telematics solution provides a variety of data regarding how policyholders drive, when they drive, and where they drive. This data is presented in intuitive graphs and lists, enabling auto insurance companies to offer low premiums to low-risk drivers and high premiums to high-risk drivers and to motivate high-risk drivers to correct their driving habits. Apparently, this will help auto insurance companies win and retain customers, improve operational efficiency, and make claim processing more efficient.

INS-aided Vehicle GNSS Tracker

JM-VG01U

·INS-aided GPS Tracking

·Driving Behavior Analysis (Advanced)

·Mileage Accuracy ≥98%

LTE OBDII GNSS Tracker

JM-VL04

·INS-aided GPS Tracking

·4G LTE Communication

·Driving Behavior Analysis (Advanced)

LTE OBDII GNSS Tracker

VL502

·LTE & GSM Network

·On-Board Diagnostics

·GPS & BDS Positioning

HARDWARE

According to the Usage-Based Insurance Market Report 2022 by Research and Markets, the market is expected to grow to $132.02 billion in 2026 at a compound annual growth rate (CAGR) of 24.9%. The growth is mainly propelled by the expansion of the automotive industry. With such a huge market potential, thinking one step ahead will give insurers a significant competitive advantage.

Jimi’s Usage Based Insurance (UBI) telematics solution provides a variety of data regarding how policyholders drive, when they drive, and where they drive. This data is presented in intuitive graphs and lists, enabling auto insurance companies to offer low premiums to low-risk drivers and high premiums to high-risk drivers and to motivate high-risk drivers to correct their driving habits. Apparently, this will help auto insurance companies win and retain customers, improve operational efficiency, and make claim processing more efficient.

INS-aided Vehicle GNSS Tracker

JM-VG01U

·INS-aided GPS Tracking

·Driving Behavior Analysis (Advanced)

·Mileage Accuracy ≥98%

LTE OBDII GNSS Tracker

JM-VL04

·INS-aided GPS Tracking

·4G LTE Communication

·Driving Behavior Analysis (Advanced)

LTE OBDII GNSS Tracker

VL502

·LTE & GSM Network

·On-Board Diagnostics

·GPS & BDS Positioning

REACH OUT TO DISCOVER
HOW SOLUTION CAN IMPROVE YOUR BUSINESS
REACH OUT TO DISCOVER
HOW SOLUTION CAN IMPROVE YOUR BUSINESS