UBI Analytics
Mileage
True Mileage accounts for correlations with other typical rating variables to be sure there is no double-discounting. This approach allows insurers to provide accurate discount across their entire book.
Daytime
True Mileage has broken down typical driving patterns and risk not just across the entire population but by age and gender, allowing insurers to much more accurately rate based on time of day.
Accelobrakes
Accelobraking is a major refinement over the traditional UBI variable hard braking. Do you really want to incentive drivers not to brake? Now insurers can incentive the right behavior without sacrificing predictive power.
Speed
Insurers typically use a simple 80 mph limit or just ignore speed altogether. With this product, speed for each trip is put into perspective so insurers can reward drivers that are constantly driving at safe speeds with out requiring expensive and sensitive location or speed limit data.
Custom
For insurers and insurances services firms looking to do something unique we do custom analytics projects. We have experience enhancing UBI data with external data sources to include variables such as mileage, time of day, acceleration, cornering, speed, traffic, weather, and road type.
What are the advantages our analytics approach?
Correlation Control: Most mileage and UBI analytics do not directly account for any rating variables and therefore leak millions of dollars in unwarranted double discounts. Our methodology identifies and directly accounts for associated rating variables. Reliable Data: Most consultant’s models are built on relatively small and biased data sets. Our models are built on a solid foundation using hundreds of thousands of unbiased driving and accident observations with data from all states and all insurers. Full Support: True Mileage provides implementation and regulatory filing support. Models are also designed for ease of implementation and we are standing by to answer any actuarial questions the DOI may have to ensure rapid approval.