AIG has entered into a partnership with Amodo, a Croatian InsurTech startup to launch a search for ‘Singapore’s best drivers’ with AIG on the Go, a telematics-based smartphone application.
AIG On the Go scores drivers’ performance against a range of factors such as acceleration, braking, cornering, and speed. The app provides a score for each completed journey along with useful driving tips.
AIG also rewards the driver including free fuel for one year and a customized AIG Singapore CashCard. The app also enables motorists to influence their AIG Singapore car insurance premiums by improving their driving behavior. The discounts on the annual car premiums is up to 15%.
With AIG on the Go, AIG hopes that by incentivising drivers to cultivate good road safety habits with Dollar savings, it can help reduce traffic incidents and build a larger community of safer road users
AIG On the Go scores drivers’ performance against a range of factors such as acceleration, braking, cornering and speed
Manik Bucha, AIG Singapore’s head of auto insurance says “Our survey showed that almost 70% of Singapore drivers would consider installing a telematics device in return for lower car insurance premiums. We believe our new app will result in positive, long-term changes in road safety. AIG hopes by incentivising drivers to cultivate good road safety habits, it can help reduce traffic incidents and build a larger community of safer road users.”
Ultimately, although the notion of using real-time data to price car insurance more accurately is not new, Amodo’s gamified approach delivers a customer-centric sales conversion tool, which reduces risk while changing the way insurers connect with consumers.
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