Simble2Go is a SaaS platform that allows insurers to offer on-demand insurance products based on time, mileage, or trip duration. The platform uses driver behavior data collected via a mobile app and analyzed with AI to provide enhanced risk assessment.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional insurance models often fail to accurately assess risk for modern mobility patterns, leading to under or over-priced premiums. Insurers lack granular, real-time data on driver behavior and vehicle usage, hindering their ability to offer personalized and dynamic insurance products. This results in missed opportunities to engage with a new generation of drivers who expect tailored solutions.
Solution
KIWU (formerly Simble2Go) offers a mobile-first, user-centric platform that enables insurers to provide on-demand and subscription-based mobility insurance products. The platform leverages data collected from smartphone sensors, enriched with external data sources, to provide a comprehensive understanding of driver behavior and context. By applying AI and machine learning, KIWU enables enhanced risk assessment, fraud protection, and the creation of personalized insurance offerings. The platform integrates with insurers' existing systems and channel partners, facilitating the development of new mobility insurance products and services.
Target Audience
KIWU targets insurers seeking to offer innovative mobility insurance products to individual customers, mobility channel partners, and fleets, with a focus on engaging millennials and Gen Z drivers.
Features
- Native mobile app for iOS and Android that collects data from smartphone sensors (GPS, accelerometer, gyroscope)
- Real-time data analytics and predictive modeling using AI and machine learning algorithms
- Server-side data enrichment and contextualization using multiple external data layers
- Support for various on-demand insurance models (PAYD, PHYD, PWYD) and traditional annual/subscription insurance
- Integration with connected vehicle data sources
- Customizable user interfaces and digital user journeys
- Fraud protection and proactive risk mitigation features
- API for integration with insurers' existing systems and channel partners