Sensomatix
Actuarial and Analytic Services for the Auto Insurance Industry
Company Overview
Snapshot
Founded in July 2004 by Ido Topaz and Assaf Tamir, Sensomatix operated with 11–50 employees. The company was acquired by Verisk Analytics in January 2013.
Business overview
Sensomatix provides actuarial and analytic services specifically for the usage-based auto insurance industry. The company's core technology, Driving DNA, is a predictive risk analysis platform designed to analyze and rate driving risk based on telematics data, geographical information, weather, and traffic. By using mathematical algorithms and actuarial modeling, Driving DNA identifies unique driving behavior signatures to provide insurers with a risk index for individual driving styles. Sensomatix offers hosted services and turnkey solutions for both commercial and personal lines, enabling insurers to link premiums to actual driving risk, increase market share, and reduce loss ratios. The company operates within the Business Software sector, focusing on IT, R&D & Data Solutions, Data Analysis & Decision Support, and Data Architecture, primarily serving the Financial Services and Insurance markets.
Company Intelligence Q&A
- What is Sensomatix's primary focus?
- Sensomatix specializes in providing actuarial and analytic services for the usage-based auto insurance industry, helping insurers link premiums to actual driving risk.
- When was Sensomatix founded and by whom?
- Sensomatix was founded in July 2004 by co-founders Ido Topaz and Assaf Tamir.
- What is the core technology offered by Sensomatix?
- The company's core technology is Driving DNA, a predictive risk analysis platform that analyzes telematics, geographical, weather, and traffic data to rate driving risk.
- Which industries does Sensomatix serve?
- Sensomatix primarily serves the financial services sector, with a specific focus on the insurance industry, particularly auto insurance companies.
- What was a significant corporate milestone for Sensomatix?
- Sensomatix was acquired by Verisk Analytics in January 2013, leading to its current status as an inactive entity.