Datafolio Qorus Innovation in Insurance Awards 2023 - Winner

Datafolio is a French broker specialized in the use of data for mobility risk management, offering a simple and innovative solution: 100% pay-as-you-go insurance based only on kilometers travelled and risk exposure. Thanks to advanced real-time mobility data collection, Datafolio delivers its users a customized insurance pricing based on their personal usage patterns and driving behavior. The innovative technology behind Datafolio’s solution was conceived by the tech and data team, who developed in-house APIs to collect real-time mobility and a dedicated application. Once gathered, the data is then analyzed by machine learning algorithms, determing the real risk taken by individuals (type of vehicles, driving speed, acceleration), and it directly transmitting a customized insurance price to users. Datafolio’s insurance solution is distributed either by being embedded into mobility platforms or through the in-house developed application. Users only need to be register, and once they start their trip, Datafolio will automatically recognize the used vehicle and activate the insurance. Coverage stops as soon as the trip ends, enabling the user to save money by only paying for the actual kilometers driven and the actual risk context.