Vinod Chavan's Contact Details

Vinod Chavan's Company Details

Sensomatix Ltd

, , • 11 - 50 Employees
Information Technology and Services

Sensomatix™ is the leading provider of Safety Scoring™ services for the usage based auto insurance industry. With Sensomatix, insurers can link premiums to actual driving risk – rewarding policyholders for safe driving behavior while increasing market share and profits.Safety Scoring is powered by Driving DNA™, the company's state-of-the-art predictive risk analysis platform. Driving DNA is designed to analyze and rate driving risk based on a wide range of telematics data together with geographical (GIS), weather, and traffic information. Using mathematical algorithms, Driving DNA identifies the unique signatures that characterize driving behavior. It then uses actuarial modeling to provide insurers with a risk index based on each individual's driving style.Safety Scoring is the most cost-effective and low-risk route to a usage based insurance offering (pay as you drive). With hosted services and turnkey solutions for both commercial and personal lines, Sensomatix empowers insurers to launch compelling programs that increase market share, retain low-risk customers, and consistently reduce loss ratios and expense ratios.Serving the global insurance industry for five years, the Sensomatix team includes experts in actuarial science, computer-science, road safety and insurance. Sensomatix customers include some of the world's largest insurers. In the United States, insurance companies have received DOI approvals for usage based programs featuring Sensomatix Safety Scoring.In 2013, Sensomatix became a part of Verisk Analytics. Check out www.verisk.com/telematics.