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.
Company Intelligence Q&A
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- What is the primary business of Sensomatix?
- Sensomatix provides Safety Scoring services for the usage-based auto insurance industry, enabling insurers to link premiums to actual driving risk.
- When was Sensomatix founded?
- Sensomatix was founded in July 2004.
- What is the current status of Sensomatix?
- Sensomatix is currently inactive, having been acquired by Verisk Analytics in January 2013.
- What technology powers Sensomatix's Safety Scoring?
- Sensomatix's Safety Scoring is powered by its Driving DNA platform, which analyzes telematics, geographical, weather, and traffic data to rate driving risk.
- What is the employee count of Sensomatix?
- Sensomatix had 31 employees, falling within the 11-50 employee range.
- Who are the founders of Sensomatix?
- The founders of Sensomatix are Ido Topaz and Assaf Tamir.
- In which country is Sensomatix headquartered?
- Sensomatix is headquartered in Ramat Gan, Israel.
- What types of customers does Sensomatix target?
- Sensomatix targets customers in Financial Services, specifically Financial Products and Insurance.