This application joins telematics and DLT using DAML, thus allowing for an open 3rd party ecosystem for data where privacy can be controlled fully by the customer. Extendable to claims FNOL and subrogation, FPI shows how to tap into the enormous potential of advanced driving data generated by Internet of Things (IoT) trip data. By using DAML and Distributed Ledger Technology (DLT) and combining this data securely and privately with information from various internal and external stakeholders of insurance business processes, FPI leverages Google services to help to redefine claims management, customer engagement and risk management capabilities across the entire auto insurance industry and address many of the other data management challenges that beset this particular sector.
- Claims management with ability for agent and customer to collaborate
- Improved FNOL through use of Google APIs
- Real time visibility to permitted parties on claim status and data