Our mission
Over the past decade, mobility has been undergoing radical changes, including the electrification of vehicles, the end of the single ownership model, the emergence of shared and green mobility, and the rise of connectivity across all modes of transport.
This revolution is affecting the entire mobility ecosystem and is forcing insurance companies to adapt their business model to these new realities. Indeed, the insurance industry is deeply impacted by the growing need for more connectivity and data, to enable more accurate underwriting and large-scale prevention initiatives. This has led to new car insurance products such as behavioural-based insurance (Pay-How-You-Drive) and usage-based insurance (Pay-As-You-Drive) programs.
In this challenging environment, DriveQuant’s mission is to describe and quantify all forms of mobility in order to make roads safer and reduce the environmental footprint of mobility.
To achieve its goal, DriveQuant has developed a universal SaaS solution that uses the smartphone’s sensors to analyse driving behaviour. The algorithms analyse real-time data collected by mobile sensors and calculate the safety and environmental impact for every trip.
This information is then transparently returned to the driver to make them aware of the quality of their driving and the opportunities for improvement.
DriveQuant’s team believes that by empowering and coaching drivers, a radical change in road safety is within reach.