Vehicle telematics provider Risk Technology has partnered with Chipin, a new insurance company, to launch a Usage Based Insurance (UBI) and telematics service in the Netherlands, Belgium and Luxembourg.
The telematics unit is a plug-and-play device that can be set up and installed by the driver. It provides diagnostic, maintenance and driver performance information as well as being able to accurately detect a crash.
Drivers can view a score based on their driving ability usingcore paramenters such as vehicle speed, location and harsh breaking together with time, environmental factors and impact data necessary for UBI policy rating and other consumer telematics services.
Safe drivers will be rewarded with a ‘cashback’ payment of up to 35% of the monthly premium.
Drivers can access their personal dashboard via a PC or smartphone enabling them to view their journeys and fuel efficiency, compare their driver score with other motorists, allocate business and private mileage for expense reporting and see when their vehicle needs servicing or an MOT.
Hans Gerritsen, CEO of Chipin, said: "We want to demonstrate that customers will benefit from UBI, with more safety, less accidents and fair, dynamic pricing.
"In co-operation with Risk Technology, which we chose for its advanced platform and technologies, we will deliver and expand this proposition to the Benelux market."