Wunelli has the largest number of telematics recorded miles

No. of miles recorded:

 

(Beyond Mars)

Wunelli provides the complete end to end solution to enable Insurers to launch telematics based motor insurance products, in a fast, efficient and cost effective manner, capitalising on our experience.

Wunelli operated its own telematics based policy via its Coverbox Panel from January 2009 until December 2011 and is ideally placed to offer the hands on experience, operational processes and telematics systems necessary to help insurers design and launch their own products.

Wunelli has worked with its partners to develop a solution comprising;

  • Product and Process Design and implementation Service
  • Integrated hardware and services
  • Data collection
  • Insurance administration and billing capability using telematics
  • Personalised customer website

This 'off the shelf' solution ensures that Insurers can move to market with confidence using a tried and tested supply chain and capitalise on the Wunelli knowledge and experience to create innovative products to fill market gaps. As a leading supplier of telematics to the industry Wunelli work in partnership with the insurer to bring to market their own telematics based product, at speed, with minimal internal business impact. Wunelli offer a completely outsourced solution or an integrated package that links the telematics to internal systems.

All policyholders have access to all driving data through their own personal web portal to help them control the cost of their insurance and improve their driving behaviours, which also allows Insurers to have an ongoing relationship with their customers, which increases retention.

The knowledge Wunelli has gained in the telematics Insurance market through the Coverbox telematics and claims data is applied to assist Insurers with product design. Coverbox is a proof of concept brand to prove to the insurance industry that telematics can work effectively with motor insurance and assist in reducing risk. Insurers can choose which elements of the 'telematics supply chain' they wish to use so every solution is tailored to the client requirements.

Benefits of telematics

For Policy Holders

  • Cheaper premiums as you are not contributing to other policy holder fraud or bad driving
  • Theft tracking and other features such as online dashboard reporting
  • Help and useful advice to improve driving behaviours

For Insurers

Self Selection:

  • Underwriting & claims fraud is less likely
  • Drivers confident of their safe driving will seek out telematics insurance
  • Vehicle inspected pre-installation (undisclosed modifications less likely)

Validation:

  • Validation of vehicle
  • Validation of Proposer: log book, driving license & convictions, proof of NCB, additional drivers and/or photo of vehicle

Risk Influence:

  • Feedback via online dashboards to educate & encourage responsible behaviours
  • Driving DNA™
  • Mileage & Kept at Kept Reporting

Claims Effectiveness:

  • Informing claims handling with details of incident to validate anecdotal evidence
  • Use of telematics data as evidence to establish liability, challenge severity & recover stolen vehicles