The auto insurance pricing model has long been subject to a lack of accuracy in the field of auto insurance, which results in a high cost of vehicle insurance business and a general loss in the insurance industry. With the advancement of market-based pricing reform, the insurance companies began to pay attention to the UBI vehicle insurance pricing model based on the usage and owner habits. However, this model has gradually become a mainstream auto insurance pricing method in Europe and the United States. The car aftermarket OBU/OBD+UBI platform mode is nowadays the mainstream model of IOV UBI markets.
Based on the big data platform, the data collected by the terminal is analyzed in depth to establish a UBI algorithm model such as driving behavior of car owner, vehicle faults, etc. and provide the refined insurance product solutions for the insurance company to accurately position the users. The collision tests, collision data records, and fast loss notice for collisions provide the effective evidence for the claims management of insurance companies, which effectively avoids the fraudulent insurance events and reduces the overall cost of car insurance. Gosuncn has OCTO, Net4things and other UBI platform partners in the world. The platform partners have rich data accumulation and experienced application cases in UBI algorithm and collision analysis, and so on.