- Acquired by Verisk Analytics, Jan 2013
About
Sensomatix is the leading provider of Safety Scoring services for the usage based auto insurance industry. With Sensomatix, insurers can link premiums to actual driving risk rewarding policyholders for safe driving behavior while increasing market share and profits. Safety Scoring is powered by Driving DNA , the companys state-of-the-art predictive risk analysis platform. Driving DNA is designed to analyze and rate driving risk based on a wide range of telematics data together with geographical (GIS), weather, and traffic information. Using mathematical algorithms, Driving DNA identifies the unique signatures that characterize driving behavior. It then uses actuarial modeling to provide insurers with a risk index based on each individuals driving style. Safety Scoring is the most cost-effective and low-risk route to a usage based insurance offering (pay as you drive). With hosted services and turnkey solutions for both commercial and personal lines, Sensomatix empowers insurers to launch compelling programs that increase market share, retain low-risk customers, and consistently reduce loss ratios and expense ratios.
Q&A
- What is Sensomatix's primary business?
- Sensomatix provides actuarial and analytic services for the auto insurance industry, specializing in Safety Scoring services for usage-based auto insurance.
- When was Sensomatix founded?
- Sensomatix was founded in July 2004.
- What is the current status of Sensomatix?
- Sensomatix was acquired by Verisk Analytics in January 2013 and is currently inactive.
- Who acquired Sensomatix and when?
- Sensomatix was acquired by Verisk Analytics in January 2013.
- What technology powers Sensomatix's Safety Scoring?
- Safety Scoring is powered by Driving DNA, Sensomatix's predictive risk analysis platform that analyzes telematics, geographical, weather, and traffic data.
- Who are the co-founders of Sensomatix?
- The co-founders of Sensomatix are Ido Topaz and Assaf Tamir.
- What industries does Sensomatix target with its solutions?
- Sensomatix targets financial services, specifically financial products and insurance companies.
Team · 2
Sectors & technology
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| linkedin.com/company/754667 |
Identifiers & details
| Founded | 2004-7 |
|---|---|
| Employees (exact) | 31 |
| Status reason | Acquired (Inactive) by Verisk Analytics on Jan 2013 - closed due to acquisition |
Acquisitions & public offerings
Acquired by Verisk Analytics 2013-01
Radar intelligence
Patents
| EPO | 1 |
|---|