Telit IoT Cloud Platform Powers Jooycar Connected Car Telematics with deviceWISE
Telit | September 07, 2016
Telit, a global enabler of the Internet of Things (IoT), today announced that it was selected as the IoT Cloud platform service and connectivity provider for Jooycar connected car telematics. Jooycar’s exclusive scoring algorithm enables actuarial teams to include new variables and data predictors for more precise risk calculation with Usage Based Insurance (UBI). This “driver score” considers factors such as driving times and schedules, as well as variables related to driving habits: Pay as You Drive (PAYD) and Pay How You Drive (PHYD).