Swiss Re’s telematics solution: fairer premiums, safer roads
![Coloride (logo) Coloride (logo)](../../../pics/img/br_027a_en.png)
Vehicles connected to the Internet of Things (IoT) open the door to UBI products that assess pricing based on when, where and how one drives. Swiss Re’s first telematics-based product, Coloride, uses a phone app to identify risky manoeuvres, speeding habits and phone usage while driving, and offers post-drive coaching when the trip is over. Over time, Coloride assigns a risk score to each driver that an insurer can use to calculate the UBI premium. By offering a financial incentive to cautious drivers and flagging risky behaviour, insurers encourage responsible driving, making roads safer for everyone.
Data flow in the Swiss Re IoT platform
- GPS positions
- Acceleration data
- Weather conditions
- Traffic conditions
- Road conditions
- Ambiance conditions
![Data flow in the Swiss Re IoT platform (graphic) Data flow in the Swiss Re IoT platform (graphic)](../../../pics/img/br_027b_en.png)