A month of exciting launches

Hello,

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

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