Getting insurance is often related to lots of paperwork, stress, taking hours over the phone or having personal appointments to solve a simple issue. Digitalization is part of our every day and it shouldn’t be the exception when it comes to insurance. The generation gap is slowly shifting and the younger generations are soon going to be the ones with the purchasing power. Digital natives are willing to share their data in exchange of an efficient and fast digital service. Connected vehicle data can make this possible and can help with customer retention & loyalty in the long run.
Major Trends in Insurance
Gen X and The Boomer segment are currently the most active generation in influencing purchases. Nevertheless by 2025 millennials as well as GenZs will have the generation’s buying dominance.
Less accidents but higher repair costs
Many people who own or lease a car have at least one type of newer safety technology such as navigation systems and blind spot detection. This results in fewer accidents but higher repair costs.
Strong interest in mobility data
There is a strong interest in smartphone apps that provides real-time alerts and advice about driving behavior and conditions when the car is parked or being driven.
Less car ownership more on-demand
There is a potential decrease in car ownership by younger generations. Non-owned vehicles and alternative mobility options like rideshare, and rentals are used more and more.
Our platform delivers standardized multi-brand car data – no hardware, no installation, directly from vehicle manufacturers.
Data from more than 15 brands ready to use by one integration. Check the use cases below to see how connected car data can support you.
Transparent insurance model
Improved customer journey through digitalization
Customer retention and new customers
Claim costs reduction and fight fraudulent claims
Flexible insurance products tailored to the customer's needs
Control cost rate
No, access to OE data is limited to specific car makes and models. Please check our lists of models per brands through: /connected-car-makes-and-models/
You can also reach out to our team to conduct a free “capability check” for your fleet, based on your list of VIN numbers.
Two price elements have to be taken into consideration: the yearly fee to access to the Caruso dataplace and the cost of the data itself. For the yearly fee please check: /pricing/
The price of the data itself will vary depending on the car manufacturer, the number of data points and the frequency needed. Once you have a Caruso account you will be able to access detailed pricing per OEM and data packages on our dataplace.
Get In Touch With Us!
Do you want to bring your insurance to the next level?
We are happy to hear from you! We can arrange a non-binding initial consultation call where we can go through all the information detailed and answer any questions you may still have. We can surely find a personalized solution for you!