Greater Than launches cloud-based loyalty program for auto insurance customers
Stockholm, May 25, 2020 – Greater Than, the insurtech company and AI supplier, is now expanding its AI with a brand-new cloud-based loyalty program, Enerfy Loyalty. The usefulness and simplicity of the new product are maximized by the fact that it is ready to apply on an existing customer base without the need for any policy change or IT integration. Companies that run the loyalty program also gain access to a direct and deep risk insight per each user.
The technology behind Enerfy Loyalty uses AI algorithms that predict loss ratio in real-time and estimate the claims. The unique insight creates an optimal foundation of loyalty program for insurance companies and fleets who wants to improve their loss ratio by rewarding customers who drive more safely.
"With our advanced AI and dynamic solutions, we want to improve our customers' business while adding a new, fun way of driving. With Enerfy Loyalty, we do this by giving our customers better insight into where the risk is at the same time opening up the opportunity to reward good drivers." - says Liselott Johansson, CEO of Greater Than
Enerfy Loyalty can be applied to an existing customer base. It's an easy tool for rewarding and retaining customers who drive safely. The connection of new members takes place entirely through the app2car solution without the need for external hardware. By downloading the app, the end-user can get started to collect points after just a click. The simplified connection makes Enerfy Loyalty a perfect CRM tool to attract new customers while providing instant risk analysis for each connected user.
"Enerfy Loyalty fits all insurance companies, car manufacturers, and fleets who want to interact with their end-users and customers to reward them when they drive well, safely and environmentally friendly" - continues, Liselott Johansson.
About Enerfy Loyalty
Enerfy Loyalty consists of four levels of risk: base, bronze, silver, and gold. Each level gives higher rewards, and gold customers are drivers with the lowest or almost no claims. Per each trip, the customer makes with their car points are generated, which can lead to direct rewards and a higher status level with an even lower deductible.
Greater Than has developed AI that price risk per vehicle in real-time, helping auto insurance carriers and automotive OEMs to reduce claims cost, support new business models, and enable behavioral-based pricing for new mobility. The company's flagship product Enerfy Global is a platform with over 480 white label solutions, including AI pricing, digital insurance, gamification, and driver influencing Apps. Greater Than partner with global insurance carriers and is the platform for the FIA competition, the FIA Smart Driving Challenge, the first global challenge in safe driving. Greater Than is listed on Nasdaq First North Growth Market. FNCA Sweden AB, +46(0)8-528 00 399, email@example.com is Certified Adviser. www.greaterthan.eu