By leveraging smartphone telematics, roads can be made safer, and mobility can be made more sustainable. Also, insurers can get a better picture of their risk portfolio. DriveQuant is a French insurtech that develops smartphone telematics solutions. Its technology empowers insurers by offering them a toolbox to launch connected insurance programs to match the premium to the actual risk (Pay-As-You-Drive and Pay-How-You-Drive). This toolbox also allows insurers to launch digital-based road safety programs to improve road safety, offer connected services such as crash detection or eco-driving tips, connected maintenance or connected assistance, engage customers through driving challenges and have a fraud detection system

How it works

For insurers who are setting up their first connected programs or who are looking to experiment with smartphone telematics, DriveQuant advises using its white-label app. This solution is reliable in terms of driving analysis, it’s easy to deploy, affordable and RGPD-compliant compared to traditional telematics devices.

For insurers that want to launch their connected project on a larger scale and that already have a mobile app, DriveQuant has an SDK called DriveKit. It is very simple to integrate into any mobile app and fully customizable. DriveKit brings the exact same features offered by its white label app: driving data collection, prevention through gamification, crash detection etc.

DriveQuant offers insurers the ability to launch connected programs that are financially sustainable (prevention to reduce risk, better customer relationships and claims management) while bringing a strong ecological positioning (reducing C02 emissions, reducing fuel consumption, launching eco-driving challenges). 

Why we selected DriveQuant for ITC DIA Europe?

DriveQuant has partnerships with many big players in the car insurance sector such as LB Forsikring, MiWay, Covéa, Groupe MAIF, Star Assurances, SCOR. DriveQuant recently launched a connected insurance program Bilist+, together with LB Forsikring, to promote safer driving on Denmark's roads. Several data-driven studies by DriveQuant demonstrated that (1) challenges lead to a 25% reduction in phone distraction, and (2) the less distracted drivers are also the safest.

Who is DriveQuant?

DriveQuant was founded in February 2017 after several years of research and development at IFP Energies nouvelles (IFPEN), a French institutional player in research and training in the energy, transport, and environment sectors. Since then, it raised more than 5M€, has acquired more than 60 customers and is now active in more than 10 countries.

“The interesting thing about connected insurance is the transparency, the exchange of information. As a smartphone telematics provider, our job is to measure. Because you can't improve what you don't measure! So, the first step is to measure. And then, it's about finding the right incentives and the right tools to motivate and engage policyholders in order to eventually reduce their road risk.”

Philippe Moulin, CEO of DriveQuant