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Redtail Telematics / KOBA pay-per-km partnership

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Redtail Telematics appointed by KOBA as they launch pay-by-kilometre car insurance in Australia

KOBA car insurance is led by serial entrepreneur Andrew Wong.  My intro to Andrew was initially through ByMiles and their SaaS platform ByBits.  Andrew and Andrew (that’s me) have forged a genuine partner relationship – digitally of course, as befits the tenor of the last twelve months.  That partnership has been built on a solid foundation of listening and understanding, speedy and substantial responsiveness, and honesty and transparency of communication.

Andrew-Wong-headshot

Andrew Wong, CEO & Founder, KOBA

‘We’ve really appreciated the way your team has just dove into the partnership with us.  It’s exactly what we’ve been looking for.  You’ve really helped us fill in the ‘device’ knowledge gap that we have.  I’m ready and eager to get going with this partnership so we can get access to the data, APIs, etc, this way we are locked into working with you guys.’

Redtail-logo-and-Koba-logo

Gratifying.

Aside of the people bit, of course, REDTAIL had to provide what KOBA needed.  Which is best in class, highly accurate and immediate journey data – made possible through proven high quality devices, rich platforms for both journey and incident data and dynamic API access and support.​

And to quote the late great Karen Carpenter (well lyricist Paul Williams actually), we’ve only just begun.

Dialogues and activity are intensifying as we ramp up for a July launch.  From fulfilment logistics to packaging branding, claims portal capabilities to driver scoring, ideas and potential solutions continue to evolve. The partnership will continue to evolve also as market take up and feedback informs ways forward.  Shared values will underpin robust exchanges and testing of outcomes, but will move inevitably in the mutually desired direction of maximising opportunity.

Andrew Little

Marketing & Sales guy

 

www.kobainsurance.com

www.redtailtelematics.com

Redtail Telematics wins Winner of the Best Connected Product Award at the 2020 Cambridge Wireless Technology and Innovation Awards

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Redtail Press Release

 

 

Leading Telematics Service Provider Redtail Telematics has been awarded the prestigious Best Connected Product Award at the 2020 Cambridge Wireless Technology and Innovation Awards.

To celebrate the impact of innovation, technology and thought-leadership, Cambridge Wireless invited its world-renowned technology community to nominate outstanding companies and individuals within their ecosystem for the CW Technology and Innovation Awards.

Download here

 

Looking forward

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the world is in our hands - climate change telematics

REDTAIL Telematics is delighted to be featured in the ‘renowned’ telematics suppliers list in the newly published Berg Insight report into market sizing for Insurance Telematics.  The report, as ever with the substance from Johan and Martin, makes for interesting reading.  It is of course important for REDTAIL to continually monitor and respond to market potential and characteristics, so I thought I would offer a couple of perspectives on ‘How big is it?’ and ‘What will it look like?’

Insurance Telematics remains a growth opportunity 

One preferred descriptive for the telematics market is ‘nascent’.   Implying a pent-up demand for developing technologies that will at some point meet and exceed its potential.  On each iteration of the latest research report, the numbers move somewhat to the right, and perhaps jostle a touch between Americas, EMEA and APAC potential.  But the bottom line remains somewhat constant.  The consensus view from players in the industry (accepting that this church has broadened and diversified in the last ten years?!) is that we should anticipate 25-30% cgr over the next five years.  Consistent with early promise?  Perhaps not, but commercially interesting?  Surely yes.

Insurance Telematics 2020 and beyond

Arguably, there are three key factors associated with that growth:

  • Expansion of the accessible market (consumers/policy holders) for insurance telematics – beyond young driver
  • Adoption of insurance telematics-based technologies throughout insurance – more usage in Claims?
  • Connected vehicle data – who needs a black box?

So, in conclusion, and to answer the ‘What will it look like?’ question: well, we envisage a forty [more than 23] year old driver signing up to a policy offering fair and reasonable monthly rates based on mileage and driving behaviours, and in the knowledge that any claim will be handled swiftly, accurately and robustly.  The future of insurance telematics, simple.