Bad Lieutenant (1992) – The Lieutenant’s BreakdownĪbel Ferrara’s brutal neo-noir flick is one of the most psychologically damaging, emotionally harrowing films ever made. “We serve everyone and we price everyone differently depending on the level of risk that we that detect, based on multiple parameters, but our principle is that we would really like to build a community of trusted and trustable people who understand the value of the insurance they are buying,” he says.20.
Mr Garelli explains SmartDriver is designed to detect elements such as situational awareness, speeding in certain conditions, frequent and sudden braking or lane changes, and use of a mobile while driving. Less accidents means a safer community of drivers, less insurance payouts and lower premiums, says Beema. Ultimately, customers can earn rewards such as cashback based on their cumulative driving score at the end of their policy period.
If a customer selects the new feature and drives safely the software formula calculates an “excellent reward”, especially if a driver combines good behaviour with low mileages.Ī built-in gamification element makes SmartDriver attractive for the user, with each trip generating an overall driving score - a higher score denotes better driving and users can discover any areas in which they need to improve through actionable feedback.
SmartDriver is activated through the Beema mobile app, launched last year for IoS or Android to allow customers better access to their policy information. Mr Garelli says SmartDriver has a similar “financial wrapper” to Beema’s pioneering Pay-per-kilometer product in that “we give you cash back at the end of the policy if you have been what we call a smart driver”, but it assesses many more factors.īeema Insurance chief executive Nicola Garelli. This delivers powerful data collection and analysis which equips Beema to understand customer driving behaviour “in a very privacy compliant and respectful way”, in turn enabling it to share reduced risk savings with eligible users. The provider now has more than 30,000 customers and for more than 18 months has been building an evolving user-based framework “suitable for multiple needs across multiple products”. SmartDriver follows Beema’s second anniversary of its arrival on the UAE’s insurance scene, resulting in record market share growth and success with its tech-driven approach to motoring coverage. “We’re trying to innovate today the way we price risk and the way we interact with customers, the way we give incentives to customers and to be more transparent, but also to use the insurance product in a more conscious way,” he says. SmartDriver caters to motorists who spend more time on the road - and perhaps are not ideal customers for Beema’s core insurance product - and potentially rewards them with lower premiums for proven safer driving habits, says Beema Insurance chief executive Nicola Garelli. The latest innovation follows the success of the UAE company’s ground-breaking Pay-per-kilometre car insurance product, which gives cashback to car owners who drive less distance during their policy.
Pioneering insurance provider Beema Insurance has unveiled an innovative motoring product that rewards car owners for their safer driving habits.īeema SmartDriver utilises powerful technology to measure behavioural factors - including speeding, phone handling, and sudden braking and lane changing - to deliver a points score that can lead to savings.