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Telit | Jooycar Offering A New Solution For The Usage-Based Insurance Market

Jooycar sought to provide an end-to-end, cloud-based insurance telematics platform focused on creating value insurers and enhancing policyholders’ experience. Its usage-based insurance (UBI) solution demanded various data inputs and outputs, including automotive data collection, user data collection and output to many possible data bases and applications. To create such a flexible smart car platform, Jooycar enlisted the help of Telit’s IoT technology and expertise.

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  • SUPPLIER
  • Telit
    Telit offers the industry’s broadest portfolio of integrated products and services for end-to-end IoT deployments – including cellular, GNSS, short-to-long range wireless modules, IoT data plans, and IoT platform services that allow companies to seamlessly connect edge devices and feed data directly into apps and/or enterprise systems, enabling real-time, actionable insights to improve business operations.
  • INDUSTRIES
  • Automotive
  • FUNCTIONS
  • Product Development
  • CONNECTIVITY PROTOCOLS
  • USE CASES
  • Autonomous Transport Systems
    Autonomous transport systems provide unmanned, autonomous transfer of equipment, baggage, people, information or resources from point-to-point with minimal intervention. They can include the full range of transport vehicles, including trucks, buses, trains, metros, ships, and airplanes. They are most commonly deployed in controlled industries zones but are expected to soon be deployed in public areas with varying degrees of autonomy. We differentiate autonomous transport systems from autonomous vehicles. Whereas autonomous vehicles serve individual passengers (who may or may not own the vehicle), autonomous transport systems are interconnected fleets of vehicles owned by a business to service a particular need systematically. When discussing autonomous transport systems, the focus is on the interaction among vehicles in a sophisticated system that interfaces with ERP, MES, and other enterprise data management systems. The autonomy of the vehicle is one component of a larger interconnected system of autonomous and semi-autonomous activity with the objective of achieving business or organizational objectives, such as delivering the mail or moving soil from a mine to a processing facility.
  • CUSTOMER
  • Jooycar

  • SOLUTION
  • The data-centric approach of Telit IoT Platform gave Jooycar a broad range of functions related to data collection, data transport, data storage and data delivery. The company took advantage of a variety of approaches for creating dashboards, web-based and mobile apps as well as integrating with enterprise systems or cloud-based big data analytics solutions.

  • DATA COLLECTED
  • Drive Time, Driver Behaviour, Telematics data
  • SOLUTION TYPE
  • SOLUTION MATURITY
  • Emerging (technology has been on the market for > 2 years)
  • OPERATIONAL IMPACT
  • Impact #1
    [Data Management - Data Analysis]
    Jooycar’s selection of IoT hardware and software ushers in the era of truly connected car via telematics data collection through an OBD2 device, smartphone and hybrid data source; data processing, scoring and storage; and rewards based on driver behavior. 
    Impact #2
    [Data Management - Data Accuracy]
    Jooycar’s exclusive scoring algorithm enables actuarial teams to include new variables and data predictors for more precise UBI risk calculation. This driver score considers factors such as drive times and schedules, as well as variables related to driving habits.
    Impact #3
    [Product Improvement - Market Opportunities]
    Jooycar plans on using the rich enterprise integration capabilities of the Telit IoT Platform to further develop their customer base of automotive fleet managers, insurance companies, individual automobile owners and service and repair vendors. The platform’s enterprise integration features enable Jooycar to adapt its IoT deployment to fulfill new business opportunities at a moment’s notice.
  • QUANTITATIVE BENEFIT
  • PARTNER
  • Telit
    Telit offers the industry’s broadest portfolio of integrated products and services for end-to-end IoT deployments – including cellular, GNSS, short-to-long range wireless modules, IoT data plans, and IoT platform services that allow companies to seamlessly connect edge devices and feed data directly into apps and/or enterprise systems, enabling real-time, actionable insights to improve business operations.
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