CGI and Baseline Telematics join forces to deliver cost-effective telematics to insurers worldwide
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Baseline Telematics' UBI platform helps insurers quickly bring to market usage-based products for their customers, such as pay-as-you-drive auto insurance programs. A smartphone app or a small device plugged into a policyholder's car provides real-time information on location, mileage, speed, sudden acceleration, braking, etc. to insurers, enabling them to rate and invoice insurance policies on a variable monthly basis, depending on usage and driving safety.
By integrating the platform with Ratabase, current Ratabase clients will benefit from a cost-effective telematics solution that enhances their existing rating models. In addition, existing and new clients of Baseline Telematics will have access to Ratabase within their UBI platform.
Baseline Telmatics' technology already is being used successfully, often in conjunction with Ratabase, for both car and motorcycle insurance in
"With insurers and policyholders rapidly embracing new technologies and looking for smart ways to reduce costs, UBI solutions will be an important trend over the next decade," said
"The name of the game for insurers has always been about determining the right price at which they can accept the risks of their policyholders," said CGI's
As part of their alliance, Baseline Telematics and CGI will continue to work together to develop solutions for insurers that allow them to strategically and tactically take advantage of the increasingly interconnected world of things and people.
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