“This simulated driving system can not only display behavioral trajectories, but also provide comprehensive assessments. I didn’t expect that there are several dangerous driving behaviors in my usual driving habits. I will definitely pay more attention to it in the future…” At the China Pacific Insurance Exhibition Area at the 2023 Service Trade Fair Up, UBI(Usage Based Insurance)The novel simulation interaction in the cockpit interactive experience area attracted many viewers to stop and participate.
According to reports, based on driving behavior and model calculations, China Pacific Insurance UBI system will give corresponding prompts to customers for dangerous driving behaviors such as rapid acceleration, rapid deceleration, and speeding. After the trip, the system will automatically generate a driving behavior report to actively guide the driver to pay attention to dangerous driving behaviors and help them change dangerous driving behaviors.
In recent years, with the deepening application of big data, the Internet, the Internet of Things, the Internet of Vehicles and map navigation technology in the insurance field, new car insurance that is priced based on innovative factors such as mileage, driving behavior, road conditions, weather, etc. has gradually become a reality. China Pacific Property & Casualty Insurance, a subsidiary of China Pacific Insurance, has taken the lead in laying out and launching the UBI system in the new auto insurance field to achieve personalized and dynamic auto insurance rates and provide customers with more accurate premium quotations and service experience.
Affected by external and own factors, the challenges brought by dangerous driving behaviors have always been real. The UBI driving system can greatly improve the accuracy of risk identification. The system recommends travel routes for car owners based on their daily driving habits and big data risk maps. It also provides real-time prompts based on factors such as road conditions and weather changes, and adjusts driving routes in a timely manner to ensure safe driving, the highest efficiency, and the best experience.
“In addition, after our cars are equipped with the UBI driving system, they will realize online damage assessment and self-service claims services, allowing car owners to better practice the concept of low-carbon environmental protection while enjoying a more convenient and comfortable life.” China CPIC on-site staff explained: “When a traffic accident occurs, the system will automatically detect vehicle damage and report the accident online. The owner can also upload scene pictures to the cloud to determine the damage online, reducing manual waiting time.”
In the future, China Pacific Insurance will continue to be guided by the national “double carbon” goal, thoroughly implement the concept of ESG sustainable development, and continue to explore product and service innovation. China Pacific Insurance will continue to enhance the empowerment of green insurance technology to help achieve the goal of “carbon peaking and carbon neutrality”, promote sustainable development, and play a greater social role.