Company: Xemplar Insights, LLC
Business Category: A technology provider of InsurTech tools to insurance practitioners
Maturity Status: Startup (less than 3 years since product went into production)
Product or Service: Xemplar Auto, Xemplar Fleet
Area: Both Property & Casualty insurance and Life & Health insurance
Xemplar Insights is a leading provider of digital transformation solutions for insurers. The Xemplar suite of mobile digital customer engagement and smartphone based driving behavior telematics solutions is changing how insurance companies analyze risk and proactively prevent claims.
What makes us an InsurTech:
Xemplar Auto and Xemplar Drive leverage smartphone sensors to identify high risk driving behaviors and scores each trip for safety. The smartphone app displays driver safety scores to the driver so they can improve their scores by reducing their high risk driving habits.
Xemplar Auto adds compelling mobile digital services like policy payments, FNOL, roadside assistance that auto insureds love. All communication with drivers for renewal notices, weather alerts, claims status, etc., are shown as app notifications, ensuring that drivers see them.
Best of all, all driver data is available to insurers via a risk analysis portal that segments risk by location, age, gender, geography, ect. Insurers can see where the risk is in their book, both historically and in real time. This allows insurers to create very targeted loss control programs and UBI products based on real risk data from their book of business.
Major features & technology used:
Xemplar Insights solutions utilize smartphone sensors to collect driver behavior data. No dongles, black boxes, or cameras need to be installed. Proprietary algorithms and machine learning within the telematics engine process the data into actionable risk information for insurers.
All data processing and storage is cloud based allowing for low-cost, but highly scalable and secure infrastructure.
About Xemplar Insights
Xemplar Insights’ suite of solutions are digital transformation platforms for Personal & Commercial Auto Carriers to collect, analyze and apply deeper insights to their business risk. It opens new engagement channels with their policyholders to improve customer loyalty by influencing better driving habits and offering right-priced premiums. Carriers can leverage these insights to design insurance programs and realize better business performance by lowering claims costs and increasing profits. By collaborating with drivers on safe driving awareness programs, insurers can create positive change in the driving habits of their drivers to reduce overall driver risks.
For more information or to request a demo, please visit www.xemplarinsights.com.
Source: Xemplar Insights, LLC
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