Our IoT platform absorbs large quantities of data and presents it in a clear, understandable format – giving greater insight to Insurers' risk profiles.
VisionTrack’s ambition was to build a platform that creates a series of digital insurance underwriting tools that give a better insight to the risk insured.
After reviewing the technology stacks available in the market; we made a decision to create a true cloud-based, device agnostic and scalable video IoT platform, designed to communicate with any connected devices.
Our platform enables motor insurers to monitor customer driving behaviour in near-real time, with video for high risk policies. This gives insurers new insights and the means to manage exposed risks by encouraging safer driving, in turn reducing claims costs.
Most telematics platforms were built using last-generation technology, so cannot compete with the sheer volume of data VisionTrack’s platform is able to handle.
With our platform and the considerable reduction in machine-to-machine data transmission costs, data-capturing devices can be significantly simplified and be used in greater numbers, as the processing is done via the platform and not by the device. Access to the data generated allows insurers to tailor products and pricing, with opportunities for cross-selling of services.
For more information on creating bespoke software solutions for your business, contact our Enterprise Team on 01246 225 745 or click here.3>