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Tata Consultancy Services Leverages Smartphones for Usage Based Insurance



Tata Consultancy Services Leverages Smartphones for Usage Based Insurance
Tata Consultancy Services last week launched their Insurance Telematics Solution, a mobile application that turns consumers' smartphones into mobile telematics devices.

The solution minimizes the need for a separate, potentially expensive, telematics device provided by the insurer.

"The TCS Insurance Telematics Solution leverages innovations around digital technologies like mobility, cloud and big data, as well as our proprietary algorithms to help create a new business model for auto insurance," said TCS's Vinod Kachroo, CTO for Insurance and Healthcare.

"The advanced analytics provides insurers better insights into driving patterns and mobile platform provides consumers new engagement models, creating a win-win for both."


Friday, December 27th 2013


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