ThingCo, the insurtech focused on transforming the First Notification of Loss (FNOL) process and risk management in motor insurance through the next generation of telematics technology, has selected CarVi to supply its game-changing in-car device. ThingCo was launched by Mike Brockman, the pioneer of telematics insurance in the UK, in January 2018.
1000 ThingCo devices are now on order from the Silicon Valley technology firm which has Samsung as an investor. This is for the pilot phase prior to launch planned for late 2018, subject to Regulatory approval. Each device will be professionally fitted to the interior of the customer’s vehicle, near the rear view mirror. The ThingCo device will incorporate Telematics, an HD Camera, ADAS and Intelligent Voice.
Mike Brockman, CEO of ThingCo said: “The capabilities of our device will be like nothing else on the market. As such we needed to work with a Partner who really understands our vision and has the right skills and resources to work with us to make our concept a reality.
“Following a rigorous selection process, CarVi stood out as the clear choice. Aside from the fact that CarVi has the proven technology designed to support road safety, we have the commitment of the senior team to help us reach our end goal.”
CarVi’s powerful, user-friendly device will provide the basis of ThingCo’s all-in-one-solution to improve the driving experience for road users whilst supporting the FNOL process.
Mike Brockman continues: “The look and feel of the device is just one part of the story. The crux of our offering is what we do with the data that we get from the device and how we make that work to the customer’s benefit if that’s what they want. Along with supporting customers on their journey in-car through intelligent voice and ADAS, we’ll assist them in proving the circumstances of a collision if they need to make a claim, we’ll sort out the repairs and compensation working with selected partners and we’ll give them their driving score to secure cheaper insurance. This is just the start of our journey and we look forward to working with CarVi as we head rapidly towards launch late 2018.
Dinesh C, Chief Creative Officer at CarVi says, “At CarVi we believe that top-of-the-line safety features should be available to everyone no matter what car they drive. Our vision is very much aligned to ThingCo’s. With over 20 years’ experience developing tech products within the automotive industry paired with the ThingCo team’s extensive experience in the insurance industry, we are confident this innovative solution will vastly improve the driving experience for drivers of all ages and experience.”