Insurtech ThingCo has launched Little Theo, a solar-powered, self-installed telematics device.
Little Theo enables advanced telematics services with intelligent voice, sim card, and crash detection. Test versions of the device are currently with a number of leading motor insurers.
The device sticks to the windscreen of the vehicle and can run for 50,000km per year before needing to be recharged.
In addition, as well as data gathering, it incorporates crash detection and intelligent voice. This is to immediately support customers after a collision and during the claims process.
All data, trips, and scores are relayed to the Theo App to give instant feedback to the driver. Users can benefit from the Theo reward scheme to encourage good driving.
Mike Brockman, CEO of ThingCo, said: “Little Theo is little brother to Big Theo which is our direct to consumer proposition. It’s our solution to the costs associated with black boxes and the data quality, battery and safety issues associated with smartphone telematics apps.
“To keep costs down for insurers, the device is self-installed and we have focused on the services that will make a fundamental difference to customers and to their insurers. Little Theo will detect when a collision occurs and will speak to the driver to check they are OK and if necessary contact emergency services. Our smart FNOL service will then use the telematics data to establish the circumstances of the accident and guide the customer through the claims process.
“Insurers are simply not geared up to offer this level of service. We will use delegated claims authority to support the customer and speed the claim to its conclusion, working for both the customer and the insurer.
“Our serverless telematics platform is world class, ensuring we can deal with the peaks and troughs in demand with driver scoring part and parcel of the package we are offering insurers. We’re also in discussions with insurers to join our panel for ‘Big’ Theo.”
For more on ThingCo, click through to here.