Britam General Insurance has partnered with AiCare Telematics Limited to introduce a new mileage-based motor insurance cover that uses telematics technology to help customers pay lower premiums.
Dubbed Motomatics it is available to customers who drive less than 10,000km per year safely.
Motomatics is powered by an onboard device installed on the vehicle or a mobile application that collects and transmits data on driving behaviour such as speed, mileage, braking, acceleration, and location.
The data collected is then used to calculate an appropriate driving score, which can give drivers a discount of up to 20 percent against the standard pricing for driving less, depending on the vehicle type and value.
Customers can track their mileage through a mobile app or an online account and review their driving behaviour analytics. They can also file a claim and access immediate support in the event of an accident.
The Motomatic cover has a mileage cap of 10,000 km, based on insights generated by AiCare's data collected over time. Once the mileage cap is depleted, customers can top up the mileage for an additional 10,000 km via their mobile app or online account.
“Motomatic offers customers flexibility and cost efficiency enabling them to access services that align with their lifestyles, especially within the motor insurance space that has seen minimal innovation,” said Tom Gitogo, Britam Group managing director and CEO.
“The launch of Motomatics aligns with our purpose of safeguarding dreams and aspirations. We shall continue in our quest to roll out products that speak to the customer while riding on technology as an enabler.”
Evah Kimani, director of partnerships and digital at Britam said that Motomatic offers several benefits, including accidental loss, damage, or destruction to the vehicle covered under the policy, as well as accidental loss or damage to the other person’s property arising from the usage of the covered vehicle.