TunePro: Better Driver, Lower Insurance

Pay-How-You-Drive

TunePro: Better Driver, Lower Insurance

Tune Protect Group CEO Razman Hafidz Abu Zarim tells AWANI's Market Talk about the potential usage of data analytics beyond vehicles in the insurance space.

Data analytics is changing the face of insurance industry. One-size-fits-all approach premiums may soon be a thing of the past with the uptake of data mining technology to offer more personalized products to consumers. Garnering keen interest among local players is the use of Telematics data, a method to monitor the ‘behavior’ of a vehicle. Think of it as a pay-how-you-drive policy, when applied to pricing a motor insurance. The insurer installs a tracking device on a vehicle that collects speed, location...

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