Unlimit UBI
Imagine | Risk-free transportation
It is the future of logistics. It’s the future we are creating today
Unlimit UBI
Know the risks, secure the best
Fulfilling the significant need of a secure and seamless automation of real-time vehicle telematics information, Unlimit UBI comes as a breakthrough solution to track and assess driver’s behavior, accurate vehicle geo spotting, and other valuable information about moving assets. Know your vehicles’ health and drivers’ driving habits to avoid unwanted circumstances.
Industry Insights
- India – Third largest globally and the world’s seventh largest commercial vehicle manufacturer
- Large-scale government-initiated plans
- Connected Cars Mission Plan (2016-26) targets 4x growth
- Reforms like GST to help boost the sector’s growth
- Changing face of mobility infrastructure
- Disruptive impact of technology
- On vehicles (e.g. electric, driverless, connected)
- On supply chain and operations (digitalization, robotics, 3-D printing)
- On business models (e.g. mobility as a service, vehicle sharing)
Usage Based Insurance (UBI) offers customized insurance products to clients based on their driving behavior and provide other value adds
Industry Challenges
The automotive insurance industry traditionally has relied on complex mathematical and statistical actuarial models in an attempt to simulate real world causal risk factors. The objective was to overcome the constraints of a system that relied, in large part, on the veracity of information provided after-the-fact by policyholders – such as accident reporting, driving habits and usage. Such an approach has led to insurance companies offering standard insurance products to everyone without taking into consideration individual driving behavior and risk profile. Further this doesn’t give insurance companies many insights about how much value a customer has for the them and how attractive the customer is for the company in terms of customer life time value for the insurance provider.
Unlimit Solutions
With the advent of mainstream telemetry systems, the insurance industry can utilize the real time vehicle telematics information for analyzing the driving behavior and hence the risk profile for a vehicle. This empowers them to design the product offerings tailored to the individual profiles of customers, and hence retain the customers with high customer life time value.
Unlimit Insure captures the real time driving behaviour with the help of OBD-II device installed in the vehicles.
The solution works as follows:
Benefits
Reduce Risk for Insurer
- Better risk profiling of drivers
- Estimate accident damages
- Reduce frauds
Value Addition
- Reduce vehicle theft incidents
- Optimize maintenance cost
- Provide vehicle insights etc.
Incentivise Customers
- Provides better cost control
- Reward for safe drivers
Improve public safety
- Encourage safe driving
- Adhere to road safety
Technical Architecture
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Client Stories
Rarely in my professional career have I come across an organization that exists to serve the best interests of a business, even when there is not a mutual benefit at the time. The partnership went far beyond courtesy; it was genuine concern and a desire to grow. If you’re looking for a “partner” in the IOT space, you need not look any further than Unlimit . They have earned my loyalty and I recommend them with the highest praise.
We, Avnet India, started our first interaction with Unlimit in the early 2017 and what impressed us the most is the very professional way they dealt with us. They were also the ONLY company we interacted who were solely focussed and dedicated on IoT market. The management team is very impressive and the process they followed to bring in any new partner on-board is quite methodical and impressive. Past one year we have been working very closely on several opportunities and we feel that this relationship will bring lot of value to Avnet and our business. Unlimit’s vision to be a leading and most innovative IoT company compliments Avnet’s long history of adapting to changing technology and market, and helping the customers to bring new products to market faster. I am sure this partnership will go a long way and will benefit both, Unlimit and Avnet India.
First I would like to congratulate Unlimit for their vision of being full stack B2B IoT solution provider and for putting together an impressive ecosystem to fulfill this vision. It has been a great experience working with Unlimit team for partner onboarding. Their process driven approach and coverage of all areas ensures that the partnership starts on a solid foundation. We at Ascent Intellimation are looking at this partnership as an opportunity to reach wider customer base and execute several marquee projects in Industry 4.0 space. Combination of our PlantConnect SFactory solution and UNLIMIT enablement platform as well as project execution expertise will deliver great value to customers.
Team Unlimit are highly trained, professional who share many of the same attributes that we value i.e. customer focus, resourcefulness, and the ability and sense of urgency required to deliver the business critical solutions. Unlimit as a partner provides teams well to chalk out strategic insights, leadership and focus that are essential to effectively compete in the market.
We are proud to be a part of the Unlimit IoT revolution which will have a significant positive influence on people’s lives.
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