NAIROBI, Kenya, Mar 5 – Britam General Insurance has tapped into artificial intelligence (AI) to cut 20 percent of motor insurance costs for drivers.
The Motomatics cover, which is covered by AiCare Telematic Ltd., slashes premiums paid by motorists if they drive less than 10,000 kilometers besides driving well.
Customers will be able to track their mileage through the mobile app or an online account, review their driving behavior analytics, file a claim, and access immediate support in the event of an accident.
Upon depletion of the mileage cap, customers can opt to top up the mileage for an additional 10,000 km via their mobile app or online account.
“Motomatic offers customers flexibility and cost efficiency enabling them to access services that align with their lifestyles especially within the motor insurance space that has had seen minimal innovation,” Britam Group Managing Director and CEO Tom Gitogo said.
“The launch of Motomatics aligns with our purpose of safeguarding dreams and aspiration,” Gitogo added.
“We shall continue in our quest to roll out products that speak to the customer while riding on technology as an enabler.”
Motomatic, which is an annual cover, offers several benefits, including accidental loss, damage, or destruction to the vehicle covered under the policy.
Additional benefits include accidental loss or damage to the other person’s property arising from the usage of the covered vehicle, among others.
“Our partnership with Aicare to support Motomatic positions Britam at the core of offering customer centric solutions that are backed by data,” Britam’s Director of Partnerships and Digital, Evah Kimani, stated.
“This is the future of insurance where risk will be priced based on data specific to the customer.”
