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Phone: 0755-86548267 丨+86 13632756597
Email: sales@magicyo.com
Travel with peace of mind, ZX Insurance and Magicyo create a new experience of smart car insurance
ZX Insurance is an emerging insurance company focused on providing a full range of auto insurance products and personalized insurance solutions. They realized that traditional auto insurance products had certain limitations in pricing and risk assessment, and could not accurately reflect customers' actual driving risks. In order to meet the needs of customers and provide more accurate Insurance services, ZX Insurance company decided to introduce UBI (Usage-Based Insurance) auto insurance service
ZX Insurance is an emerging insurance company focused on providing a full range of auto insurance products and personalized insurance solutions. They realized that traditional auto insurance products had certain limitations in pricing and risk assessment, and could not accurately reflect customers' actual driving risks. In order to meet the needs of customers and provide more accurate Insurance services, ZX Insurance company decided to introduce UBI (Usage-Based Insurance) auto insurance service. UBI auto insurance is an insurance model based on driving behavior data, through the use of on-board terminal equipment and data analysis technology, collect customers' actual driving data, and develop personalized premium pricing strategies based on individual driving behavior. This personalized pricing incentivizes safe driving behavior and provides customers with more attractive premium offers. With a clear direction, ZX Insurance chose to cooperate with us to launch UBI-based auto insurance products to provide personalized and accurate insurance solutions. ZX Insurance selected our UBI auto insurance equipment as the data acquisition tool. (Figure: MT101) In this cooperation, ZX Insurance and our company successfully implemented this plan through the following strategies. Data acquisition and analysis: The device is installed on the customer's vehicle to collect driving behavior data, including mileage, speed, braking habits, turning conditions, etc., and through the built-in sensor to collect the data and transmit the data to our customized data analysis platform for ZX reimbursement. Personalized Premium pricing: Through the data analysis platform, ZX Insurance is able to conduct in-depth analysis of customers' driving behavior data. Premium pricing is personalized according to the customer's actual driving risk. Safe drivers will receive lower premiums, encouraging them to maintain good driving habits. Real-time driving feedback and advice: ZX Insurance provides customers with real-time driving feedback and personalized advice through the APP. Customers can use the app to view their own driving data and analysis reports. They can learn about their driving behaviors, such as speeding situations, frequent braking, etc., and be advised to improve their driving habits, thereby reducing risks and earning lower premiums. Emergency rescue and incident Management: Our UBI equipment has the function of accident detection and emergency rescue. In the event of an accident, the device can automatically detect and send emergency notifications to the insurance company and relevant rescue agencies. This helps to deal with accidents in a timely manner and provide emergency rescue services, increasing the sense of security and satisfaction of customers Through cooperation with our company, ZX Insurance Company successfully launched UBI-based auto insurance products and achieved remarkable results. They are able to tailor premiums to their customers' individual driving behaviors, incentivize safe driving, and provide real-time driving feedback and emergency rescue services to improve customer satisfaction and the profitability of the insurance business. This case also demonstrates the successful application of our UBI auto insurance in personalized pricing, driving behavior improvement and customer engagement.

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