End-to-end on-device Driving Insights and coaching solution Qorus Innovation in Insurance Awards 2024

Our mission at Sentiance is to save lives every day. We are shaping the future of road safety through our innovative on-device technology while prioritizing both efficiency and user privacy.

Mobile devices have become much more powerful, with heightened processing power, storage capacity, and battery life. Deep learning technology has improved and enables sophisticated machine learning models to be run on-device. Our innovative on-device technology empowers individuals to drive safer, contributing to our goal of safer roads for everyone. Our on-device technology generates the necessary insights to model all relevant risks for User Based Insurance program. It helps to identify those users with a significantly high percentage of trips with one or more risk factors. It is easy to identify those regions with a great number of users with good driving behavior to launch insurer’s programs. Adding even more value to the insurance sector as there is real-time crash detection and reporting for more detailed reports and reducing frauds, leading to a significant improvement in insurers' loss ratios.

One benefit of our on-device technology is that users’ personal data never leaves their phones - the processing happens completely on-device. Knowing that data remains secure and private gives users peace of mind. It also gives insurers an extra layer of security against potential leaks or hacks. Also, our on-device insights are far more cost-effective than traditional cloud solutions. It costs 5-10 times less as there are no ongoing processing fees associated with cloud infrastructure.

We have made our SDK (Software Development Kit) integration easy. Insurers can integrate it into the app without logistic issues. No significant investment or time is needed to roll out our on-device technology, for example, for a bigger user base. Once the Sentiance SDK is integrated into the insurer’s app, we start generating Driving Insights with users' location permission consent. Sentiance's Driving Insights include trip details, driving events, driving scores, and driver profiling. These can be used to accurately assess driving behavior, manage risks smarter, reward good driving behavior, and prevent accidents from happening. Our state-of-the-art technology automatically generates Driving Insights directly from the device, with no need for additional hardware or software components.

As a result, roads will be safer, and insurance companies gain valuable insights into the evolution of their users' real-world driving behaviors, which leads to fairer and more accurate pricing and a reduction in the overall cost of claims. Together, we are revolutionizing road safety and creating a safer future for everyone.