Our AI is bridging the gap as new models hit the market

There are amazing times with a lot of things happening. In the insurance industry, one of the key topics of conversation right now is how to interact and provide a great costumer experience with along the customer journey. Another issue and challenge are how to manage underwriting for periodic or individual pricing offerings.

As a part of our long-term strategy, we address both challenges and efficiently bridging the gap (before it widens) for our partners. It’s exciting to experience how efficient that bridging is. And the most outstanding part is the result. The latest statistics from our AI based risk insight show that end-users connected to our technology decrease their risk to be involved in an accident with plus 30 % and their C02 emission lowers with approx. 20% – already after a few weeks of driving. That’s a fantastic result, isn’t it?

Access to the world’s best insurtech platform

Since we unveiled our Enerfy SDK we’ve made it is possible for almost any app provider to integrate all our services. This open ups for new breed of partners to pick and choose should they like to add insurance solutions, dynamic pricing, loyalty program, CO2 emission control to their existing offering. We already see how some of our partners creatively play around with it. And new launches are soon to see daylight. Want to learn more about our SDK? Read more.

Microsoft’s #BuildFor2030 Campaign, features Enerfy to supporting the UN’s Sustainable Development Goals
From late October Microsoft is showcasing partners providing solutions and services supporting the UN’s SDG 13: Climate Action. Greater Than’s AI Enerfy, with its capacity to price driving risk and reduce CO2 emissions, is being featured as a top contributor to Climate Action. Read the full press release

Alexandre Stricher, from France, is the world’s smartest driver
After a record season that engaged everyday drivers from 26 countries, the final of the FIA Smart Driving Challenge 2020 season, has finally crowned a winner. After a final with fierce competition and completely new levels of safe and smart driving, Alexandre Stricher, from France, won the honourable title. It was a hard battle as the finalists pressed themselves to new levels and started to drive with a 66% lower risk of being involved in an accident than average drivers. That’s something, isn’t it? Want to learn more, read the full press release.

We continue to grab accolades around the world!
During Sweden Innovation Days, mid-November 2020, we had the honor to present and pitch our AI technology and be part of the release of the first European AI Startup Landscape. Greater Than was out in the first round, acknowledged as one of the top #AIstartups in Europe.

December 8th, 2020 | By Liselott Johansson, CEO Greater Than
Tags: #EnerfySDK, #Mirosoft, AI, FIASDC

Personalized driving apps inspire to a much safer and more sustainable driving

Car driving remains a stressful activity for many, and human errors are accountable for most car accidents today. However, our recent statistics show that digital products highly can inspire motorist to focus on a much safer and more sustainable driving. The latest proof of this is the result from the global road safety initiative, FIA Smart Driving Challenge, where our technology and apps where used to encourage drivers to handle their car in a safe, efficient and smart way. Thousands of motorists from over 25 countries worldwide signed up to the challenge. After only a few weeks driving with the app the participants had decreased their probability of getting involved in car accidents with 30%. The also lower their carbon footprint with 17%.

There is, in fact, a strong synergy between increased awareness and reduced risk. We can see this amongst our customers around the world. When our services and apps become embedded and used, for example, as a dynamic pricing model or in a loyalty program with bonuses, the target group rapidly changes their behaviour behind the wheel. This, regardless of whether it concerns a car-sharing service or an insurance offer. By inspiring to a safer and smarter driving style, rewarding good driving behaviour, and better understand the risk, we will experience a lower amount of road accidents, decreased claims costs and happier end-costumers. A recent case amongst our clients are a national car-club using our service. In less than six months they have managed to reduce their insurance costs with approx.9%.

It’s evident not only novice drivers benefit from using driver assessment apps; people stressed after a long working day, those who occasionally drive rental or car-sharing vehicles and reckless drivers also need help, and the list continues. Having the right driving style isn’t just about safety and awareness. And it can be paramount for modifying a general better driving behaviour by offering insurance discounts, reduced deductible, decreased carbon footprint, prolonging battery range on EVs and the most important; limit the number of accidents on the road.

November 30th, 2020 | By Eva Voors, Head of Communications, Greater Than
Tags: #carinsurance, #digital, AI, FIASDC, GreaterThan

A month of exciting launches


As an effect of the Corona pandemic, we experience an accelerating necessary of changes within the insurance industry. AI for better cost control and digitization for cheaper processes is important for tomorrow’s motor insurance. Being part of this movement, we clearly feel the urgent demand for getting tools to better price premiums, get started with smart customer retention and provide new ways to work with targeted customer acquisition. As evidence of this, our flagship product Enerfy Loyalty Program has been launched on several markets, and our tool Enerfy Risk Portfolio Tracker is now available as a stand-alone product serving larger enterprises with proactive risk insight.

Toyota Motor Vietnam and MSIG Vietnam reach out with loyalty program

Late October Lexus Safe Driving was launched on the Vietnamese market in a collaboration between Toyota Motor Vietnam and MSIG Vietnam. The solution is entirely based on Greater Than’s AI technology and Loyalty Program and aim to promote safe driving with a reduced premium. A win-win offering that contributes to more loyal customers and a safer traffic environment with fewer accidents. Read the full article.

Proactively is all about gaining real-time and predictive overview of the risk

Our Enerfy Risk Portfolio Tracker is from now available as a stand-alone product.

The usefulness and simplicity of the tool are maximized by the fact that it is ready to provide real-time, predictive risk insight for each policy, on any customer base. Read the full press release here

The world smartest drivers are on the roads.

The global competition FIA Smart Driving Challenge went live October 20th again and is free for all motorist. The challenge is founded by FIA, the governing body for world motorsport and the federation of the world’s leading motoring organisations in collaboration with Greater Than, and it engages Member Clubs across the world. The challenge is entirely built on Greater Than’s Enerfy AI and app solutions which makes it possible to in real-time reward and encourages safer and eco-friendlier behaviour. The challenge is a fun, interactive and engaging event with the power to decrease accidents and CO2 emission on the roads. Join in here.

November 3th, 2020 | By Liselott Johansson, CEO Greater Than
Tags: enerfy, FIASDC, loyaltyprogram, Riskportfoliotracker

From big data to edge technologies

The global market for IoT and AI is expected to reach USD 16.2 billion by 2024 (an annual growth rate of 26%), according to a report by Markets and Markets. The estimated growth is mainly driven by the fact that AI can help to reduce the cost of prediction significantly. Prediction is needed to be able to assess the value, price and outcome of, for example, manufacturing processes, medical research and analysis of human behaviour. AI helps to provide an almost consistent picture of reality. At an exceptionally much faster and more cost-effective pace than any traditional excel calculation could ever be done.

And now that we know it and want to be able to get it, we may be facing the biggest challenge; how do we implement it?

Being connected and maintaining powerful data processing in cloud services will not be stable enough. Data is heavy weighing, and more data creates latency and in the worst-case downtime that is completely devastating, for example, for a self-driving car, medical devices or clinical decision support systems.

The latest within AI, and what we work with is called “edge technologies”. That means smaller, smarter systems connected to the larger cloud AI. The smaller, smarter micro AI system is extremely able to calculate which data sources and bits that should be sent to the larger cloud AI for valuation and which should not. With the help of the micro AI, the system can run without the risk for latency or downtime.

Shortly, several processes, components, tools and products, as well as bodies, will be chipped and equipped with such similar micro-edge AI. Exciting, isn’t it? I don’t know about you, but I am looking forward to following this development.

October 15th, 2020 | By Eva Voors, Head of Communications, Greater Than
Tags: AI, connectedcars, Insurtech

Why every insurance company needs Enerfy Loyalty Program

Customer behavior in car insurance is changing significantly, and insurance companies are facing an increasing demand for digital services and personalized customer offerings. Simultaneously, increased competition from full-coverage insurances and product manufacturers, with a digital lead, enables improved business models that increase customer loyalty. But regardless of this, there are bonuses to be won and cloud services to use to get there. Learn how insurance services firms can increase speed and agility to deliver compelling products and services in addition to their existing offerings.

Putting the customer and insurer relationship first, we launched Enerfy Loyalty this spring. The product offering is entirely powered and based on our seven patented AI predictive risk analytics tools.

Artificial Intelligence has already boosted and developed the fintech sector at large. The turn has come to auto insurance and the new mobility and the growing number of car-sharing services. With our AI, we identify and forecast who will cause claims to what cost – which is the prerequisite for building the required transparent and dynamic pricing models that are needed. With the underlying AI real-time loss ratio prediction, Enerfy Loyalty deploys the possibility to utilize aggregate data per individual user in real-time without interfering with the existing technology or policy. An offering that empowers insurance carriers with entirely new ways to both creating hyper-personalized rewards for the end-user, and at the same time, gain unique predictive insights per every end-user.

The unique combination of the loyalty program and the in-depth AI predictions equips insurers with an invaluable advantage. In the short run, it will take underwriting and insurance pricing to a whole new level – which less progressive and lagging behind counterparts would miss out.

By only using the smooth and easy-to-apply solution Enerfy Loyalty, insurers get equipped to roll out with useful end-user apps while seamlessly transforming into data-driven companies powered to release locked value. On the base of the loyalty program, Insurers can step by step, build their business around data, drive trade across their motor books in a whole new way, and reach out with compelling offerings.

Want to learn more about Loyalty? Business Insider highlights the broader perspective of its usefulness and gains in this article.

August 26th, 2020 | By Eva Voors, Head of Communications, Greater Than
Tags: AIpredictions, connectedcars, EnerfyLoyalty, Insurtech, Riskportfoliotracker

A postponed Rally became a road safety initiative

When Superstage VZW had to postpone Renties Ypres Rally, due to Covid-19 until October 2020, they decided to try anyways to give something entertaining and inspiring to their fans, team, and network. Having FIA Smart Driving challenge already under the hood, they engaged Freddy Loix, the 11-times winner of the Rally.

On Jul 1st, the Freddy Loix Ypres Smart Driving Challenge was launched. The challenge continues until Oct 3rd and is open to join for anyone having a driving license and access to a car.

Freddy Loix Ypres Smart Driving Challenge comes with a roadbook covering the history of Ypres Rally and 11 different routes of a total of almost 200km. During the challenge, participants discover the history of the Rally – all the way back to its first edition in 1965, while at the same time participate by driving smart and safe.

The engaging event Freddy Loix Ypres Smart Drive Challenge 2020 is combining the FIA’s Smart Driving project with the history of the Ypres Rally with the aim inspire motorists to drive safer and have fun when on the road. During the challenge, participants will by the app, see their score, and learn how to drive more safely, smarter, and eco-friendly. The smarter driving one performs, the better scoring they gain. The very best drivers will get the chance to win various prizes, such as merchandising or even tickets for the Renties Ypres Rally!

If in Belgium, grab your chance now, join Freddy Loix’s team on the Smart Driving Challenge and score as many points as possible!

To learn more about the challenge: https://mailchi.mp/ypresrally/renties-ypres-rally-2020-okt-5100309?fbclid=IwAR0o7MPcv8kpk3mY0KWX18nMi8AxK9S8atggMY6K6FjAekoPdkdUCY6NJlk.

To sign up: https://www.ypresrally.com/nl/product/freddy-loix-ypres-fia-sdc-roadbook-obd-plug.

July 8th, 2020 | By Eva Voors, Head of Communications, Greater Than

Greater Than Granted Seven Patents in the US

We’re proud to announce that The United States Patent and Trademark Office (USPTO) had issued Greater Than’s seven patents covering our Artificial Intelligence Methods. The seven patents serve to protect further our methods and AI-based technology surrounding the evaluation of driving data on an individual driver level.

Since our inception in 2004, we’ve been a pioneer in the field of AI development. We early understood what the future would bring when it comes to the usage of Artificial Intelligence, both for calculations and for products. A vision due to the core of our business, which is the development of Artificial Intelligence methods based on driving data and driving patterns, and AI-based products that highly support and evolve industries involved in auto and driving risk insights.

With our patents granted in the USA, we have strengthened our business offering at large and reached another milestone. Our technology and platforms are now firmly positioned, and we’re much looking forward to broadening our scope. Things are vibrant, and we cannot wait to create extensive opportunities for our customers within insurance, auto manufacturing, and the new mobility in the benefit of sustainable business models, with reinforced technologies as the base for their end-user products.

April 24th, 2020 | By Eva Voors, Head of Communications, Greater Than
Tags: AI, Insurtech, Patents, USA

Congratulation electric vehicle drivers, each charge will last for longer

As recently launched in a press release, our AI-based Enerfy Global service is now fully adapted for electric cars (EV’s) and hybrids, tailored for Insurance companies, car manufacturers, and fleets that deal with electric vehicles. As a bonus of the launch, the driver assessment functions also provide a robust tool, so that the driver of the electric car or hybrid can get increased control over the battery capacity. In short, they get the opportunity to get out more mileage per each charge, given our real-time driving feedback.

While our AI correlates individual driving patterns to the probability of being involved in an accident, it also analyzes the relationship between driving behavior and energy consumption in real-time. Through this, Enerfy Global provides a breakthrough product with the benefits, including real-time monitoring, how driving style affects the car’s battery. The driving assessment puts the driver in higher awareness and control by its instant feedback. By gaining real-time information on battery consumption according to driving behavior, the driver can immediately adjust the driving behavior to a less energy consumption one, and by doing so, get the most out of every charge.

Greater Than’s AI algorithms have been practicing real-time driving data from electric cars and hybrids around the world for an extended period. The result is that the AI can boast an accuracy of 99.98 % in its risk analysis, even for drivers not have onboarding diagnostic readers connected in their cars. The accuracy of the AI risk assessment is, however, at the same level as it is when supported by an onboard diagnostic reader (OBD-reader) attached to the vehicle. This precision, done even without connected hardware, witnesses of the magnitude of ourAI. An AI capacity we’re very proud over – especially as we’re alone in the world to deliver such, no matter vehicle or fuel used.

April 16th, 2020 | By Eva Voors, Head of Communications, Greater Than
Tags: AI, connectedcars, Insurtech, riskprediction

Let’s speed up the backing of variable costs

Have we come to a point where car insurance is not sure to be a one-and-done deal? Have user-based insurances taken the chance to do the grand entré finally? We hope so! Connected car services per see can soon be mandatory, according to the EU, for the benefit of road safety and sustainable economy. But there are other urgent causes.

For example, take the gig economy in transportations. With all the on-demand services that many of us have made great use of. We’ve had almost endless cab alternatives to get an easily accessible and cost-efficient ride, with such as Uber, Lyft, and so on. Now, these services have been hit hard by the novel coronavirus pandemic. Some say that the riding volume has dropped by as much as 60%-70% in general in recent days. Unluckily, the cost of the cars has not followed the same downward curve and remains the same for the drivers. Doing simple math, one can easily understand how economically unsustainable this is. If a car stands still for the majority of the day, should one pay as much insurance cost as if the vehicle was out running in the traffic? Of course not.

The same applies to private motorists. Despite some of us barely utilizing the car we own, we have nevertheless been accustomed to paying full insurance premium per month. Regardless, if we drive just a few miles or 100 miles a month, this has been since ever – until most recently. New digital technologies enable new options. Today, some insurance carriers are testing off connected UBI (usage-based Insurances). In most cases, a win-win for both the policyholder and the policy provider.

We know the demand for personalized and connected insurance offerings taps on the door for many reasons, and we’re standing at the brink of this change. By speeding up and backing car owners and professional drivers now in their urgent need for variable cost, insurances couldn’t possibly feel more immediate and needed as it does in this particular moment.

Mars 25th, 2020 | By Eva Voors, Head of Communications, Greater Than
Tags: connectedcars, Insurtech, UBI

We don’t know when the risk is there; we are only humans

Imagine that you would receive immediate feedback on at what level of safety and energy-efficiency you are driving. What if a smart, safe and stable ride would give you, let’s say, sharply reduced insurance premiums at the end of the year. Or that your smooth, focused driving with the rental car is immediately rewarded with bonus points to be used for something fun or tasty during the trip. Or even better, make the car rental cost cheaper. At the same time, a risky, stressful driving behavior would not pass unnoticed.

This is the reality for them who today use AI-powered driving analysis in their cars. They gain real-time insights and feedback on their driving behavior at such a level no human or human calculation ever could have the capability or capacity to give them. And they gain not only insights on how they drive but also get promoted when they do it well and safe.

Until most recently, this was impossible, even for Artificial Intelligence to achieve. AI needs to be trained for years on real driving data, information and driving situations to maintain such knowledge at such precision. By connecting our AI into vehicles and smartphones, we have contributed to making drivers around the globe drive much safer. We know using AI-based real-time assessment is unbeatable and one of the most empowering road safety activities one can conduct. I will explain why it’s so.

As humans, we need to understand the fuller picture, or we don’t seem to get it otherwise. As when we have an app’s telling us about how we are behaving when it comes to walking, drinking, exercising, even how we sleep. The daily result per se doesn’t tell us so much. But when we get the summary from, let’s say a whole month, we get the perspective needed to understand that if we are changing, just a little bit on the margins, it will make us reach our aim. It nudges us to try a little bit harder, improve our selves step by step, all in all, to gain results, and feel much better in the long run.

That’s how we know that the same goes when it comes to real-time driving assessment. When starting to use it, it’s hard to stop. You want to be the brilliant and safe driver you always thought you were, and remain so. Driving without such services leaves us with a feeling of being empty-handed. When starting being aware of any potential danger and risks, who can ever go back to drive without actually knowing if putting oneself and others to danger. It’s like not using the seat belt, even though you know it is excellent protection. Deeply embedded in our DNA, we all want to stay safe and protected. That’s why we want to know what’s going on. We’re only humans.

Mars 17th, 2020 | By Eva Voors, Head of Communications, Greater Than
Tags: AI, connectedcars, Insurtech, roadsafety