{"id":379,"date":"2018-12-02T07:06:57","date_gmt":"2018-12-02T01:36:57","guid":{"rendered":"https:\/\/cenacle.io\/?p=379"},"modified":"2018-12-02T07:06:57","modified_gmt":"2018-12-02T01:36:57","slug":"usage-based-insurance","status":"publish","type":"post","link":"https:\/\/gk.palem.in\/articles\/usage-based-insurance\/","title":{"rendered":"Usage-based Insurance"},"content":{"rendered":"\n\nProfiling the driver behavior in real-time based on the data collected from vehicles to arrive at safety rankings and creating personalized insurance plans is a proven method of reducing the costs and rewarding the safe practices.\n\n\n\n\n<em>Problem<\/em>:\u00a0 Customer needed to be able to calculate the insurance premium based on the usage of the vehicle\n\n\n\n\n\n<em>Methodology<\/em>: Cenacle built a vehicle usage tracking platform with below features:\n\n\n\n\n<ol class=\"wp-block-list\">\n \t<li>Vehicle journeys are analyzed using the OBD sensor data<\/li>\n \t<li>Driver behavioral profiling is done to assess the safety ranking of the driver<\/li>\n \t<li>Driving patterns, such as hard braking, signal jumping, riding the brakes etc. are taken into consideration to arrive at the safety ranking<\/li>\n \t<li>The rankings are tied to the insurance premium rewarding the fuel efficiency and safe driving behaviors<\/li>\n<\/ol>\n\n\n\n\n<em>Results<\/em>: A software platform to analyze the vehicle usage trends and derive the driver safety rankings\n\n<img decoding=\"async\" class=\"aligncenter\" title=\"Cenacle Vehicle Tracking Platform\" src=\"https:\/\/res.cloudinary.com\/cenacle-cdn\/image\/upload\/v1543714416\/CenacleResearch\/blog\/images\/Vehicle-Tracking.jpg\" \/>\n\nKey concepts: OBD sensor analysis, Journey analytics, M2M Telematics\n\n<!-- \/wp:post-content -->\n\n<!-- wp:paragraph -->\n\nDomain: Automotive, Banking, Finance, Insurance\n\n<!-- \/wp:paragraph -->","protected":false},"excerpt":{"rendered":"<p>Cenacle built a Fleet Management Analytics solution for our customers as a cloud based M2M Telematics platform to track and analyze driver behaviors for usage-based insurance.<\/p>\n","protected":false},"author":1,"featured_media":830,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_cloudinary_featured_overwrite":false,"fifu_image_url":"https:\/\/res.cloudinary.com\/cenacle-cdn\/image\/upload\/v1543714416\/CenacleResearch\/blog\/images\/Vehicle-Tracking.jpg","fifu_image_alt":"Usage-based Insurance","footnotes":""},"categories":[50],"tags":[54,51,55,56],"class_list":["post-379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","tag-banking","tag-case-study","tag-finance","tag-insurance"],"jetpack_featured_media_url":"https:\/\/res.cloudinary.com\/cenacle-cdn\/image\/upload\/v1543714416\/CenacleResearch\/blog\/images\/Vehicle-Tracking.jpg","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pfLaRd-67","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/posts\/379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/comments?post=379"}],"version-history":[{"count":0,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/posts\/379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/media\/830"}],"wp:attachment":[{"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/media?parent=379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/categories?post=379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gk.palem.in\/articles\/wp-json\/wp\/v2\/tags?post=379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}