OBD2 UBI with Advertising
UBI Car Insurance Solution (LTE OBD2)
l Project Background
MyCarTech Technologies is a leading telematics car connectivity company from India, specializing in web platform engine and application software development, and coupled with our OBD2 dongle hardware, they provided a great UBI solution for AIG Insurance. UBI insurance is a type of insurance based on mileage and driving behavior. Through the combination of smartphones and Internet of Vehicles devices, it integrates the driver's driving habits, driving skills, vehicle information and surrounding environment, etc., and establishes a multi-dimensional model of people, vehicles, and roads (environment) to obtain the rationality of auto insurance pricing.
l Client Requirement
In addition to good and stable performance, a good OBD2 should be able to monitor and record all telematics and ECU data with accuracy.
Ø Binding of cars, devices and cards: the device cannot replace the SIM card or be used in another car.
Ø Mileage and fuel consumption: idle, low, medium, high, overspeed data and percentage.
Ø Driving behavior: rapid acceleration, deceleration, braking, sudden lane changes, sharp turns, fatigue driving, etc.
Ø DTC and alarm: More than 5,000 error codes can be read and cleared, and 23 types of alarms are supported.
l Our Solutions
Based on customer needs, we recommend the VT200 OBDII GPS dongle, which uses Quectel industrial modules with low power consumption of only 2~5mA, super algorithm compliance with 95% of car brands on the market, and reads OBD raw data from the car ECU instead of GPS, more than 14,000 A large backup flash memory, FOTA upgrade, etc. can also be customized to support 1) unified binding of VIN number, IMSI and IMEI number, 2) gradual wake-up algorithm, 3) maximum voltage increase to 28V, flexible upload interval of 2~30s, depending on the road curve.
l Project Benefit
After 3 years of project operation, UBI has proven to be successful both technically and commercially. The key data are as follows:
Ø Market share: Since the launch of the OBD2 project, the market share of the auto insurance business has increased by 25%.
Ø Shipments: More than 200,000 units operating in India, Maldives, Sri Lanka and Pakistan.
Ø Growth rate: The growth rate of new users every quarter since November 2017 is 18%.
Ø Third-party services: additional income from cooperation with 4S stores, automobile manufacturers and governments.