Ingenie Chooses REDTAIL's VAM1 Telematics Hardware and DataWarehouse Solution

By Deepika Mala
TMCnet Contributor

Ingenie, a fresh-thinking car insurance for young drivers aged 17 to 25, has selected REDTAIL Telematics, a global business entity based in North America with headquarters in the United Kingdom, for its new telematics technology inspired car insurance product.

Currently, the young driver market is suffering from traditional insurance companies treating all young drivers as high risk.

By using REDTAIL’s VAM1 telematics hardware and DataWarehouse solution, Ingenie  will be able to rate a driver on how they drive as an individual, so a young driver will simply need to pay for coverage based on how they drive.

In a release, Richard King, CEO of Ingenie, said, ”REDTAIL’s innovative technology demonstrated a cost effective solution for the high frequency sampling that we need and their track record as a supplier to the automotive aftermarket gave us confidence in their manufacturing and supply capabilities.”

REDTAIL’s VAM1 telematics hardware and DataWarehouse solution will also help Ingenie to source the continuous high frequency data stream that is necessary to properly characterize driver behavior.

Officials said that the VAM1 device will also provide 1Hz GPS and 10Hz accelerometer data in real time via its DataWarehouse database. This will further allow customers to draw this data down at their convenience.

Dr Colin Smithers, MD of UK design house Plextek (News - Alert) and founder of REDTAIL Telematics, replied, “We are delighted to be selected by Ingenie for their exciting new endeavor which is in part brought about by our track record of having designed and delivered over 5 million tracking devices into the automotive aftermarket.”

In related news, REDTAIL Telematics unveiled the new Vehicle Asset Management quad band, GPS product.