ITC DIA Europe

DriveQuant: smartphone telematics for a safer and more sustainable mobility

Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on Jan 4, 2024

Smartphone telematics benefits both insurers and their clients. Insurers can get a very accurate picture of the risk profile of their portfolio and they can offer innovative services to engage their customers and offer more added value.

DriveQuant, a French insurtech company active in more than 10 countries worldwide, specializes in providing smartphone-based telematics solutions to make roads safer and reduce the environmental footprint of mobility.

DriveQuant helps insurers develop and launch connected car programs. Its technology equips insurers with a toolbox, enabling them to introduce connected insurance products like Pay-As-You-Drive and Pay-How-You-Drive, matching premiums with actual risk, and implementing digital road safety programs to improve driver safety. DriveQuant also provides connected services such as crash detection, eco-driving coaching, and targeted assistance, whilst engaging with customers and enhancing customer loyalty through driving challenges.

How it works

For insurers who are setting up their first connected programs or who are looking to experiment smartphone telematics, DriveQuant developed the white label app. It’s easy to deploy and affordable while being RGPD-compliant compared to traditional telematics devices.

For insurers who are looking to scale their connected project and already have a mobile app, DriveQuant offers its SDK called DriveKit. It’s effortless to integrate into any mobile app and fully customizable. DriveKit brings the same features offered by DriveQuant’s white label app: driving data collection, prevention through gamification, and crash detection. 

In addition to conventional telematics features, DriveQuant’s solution offers insurers the ability to launch connected programs that are financially sustainable (prevention to reduce risk, better customer relationships and claims management) while bringing a strong ecological positioning (reducing C02 emissions, reducing fuel consumption, launching eco driving challenges). 

Why did we select DriveQuant for ITC DIA Europe

DriveQuant is one of the leading smartphone telematics providers in Europe. They have partnerships with many big players in the car insurance sector such as LB Forsikring, Covéa, Groupe MAIF, Star Assurances, and SCOR.

At ITC DIA Europe Munich, DriveQuant’s CEO Philippe Moulin took the stage to give insight into the white label app and DriveKit.

Who is DriveQuant?

DriveQuant was founded in February 2017 after several years of research and development at IFP Energies Nouvelles (IFPEN), a French institutional player in research and training in the energy, transport, and environment sectors. Since then it raised more than 5M€, has partnered with more than 40 insurers, and is now active in more than 10 countries.

Since 2020, DriveQuant has been part of the FairConnect group, a European leader in connected insurance technology for motor, property and health insurance. It provides services to more than 750,000 active policyholders worldwide.

“Smartphone telematics is the best solution available on the market to launch connected insurance programs and reduce road risk. Scalability is easy given that customers can simply download a mobile app to benefit from our technology. The cost of our product is cheaper than hardware-based solutions while being more engaging given that it relies on the smartphone. It generates new touchpoints to reconnect insurers with their customers. “ 

Philippe Moulin, CEO of DriveQuant
Amsterdam 12-13 June

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