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, marking a significant exit in the actuarial and analytic services sector.
Business overview
Sensomatix specializes in providing actuarial and analytic services for the usage-based auto insurance industry. Its core product, Safety Scoring, powered by the Driving DNA platform, analyzes telematics data alongside geographical, weather, and traffic information to assess and rate driving risk. This technology enables insurers to link premiums to actual driving behavior, serving the financial services and insurance sectors by offering cost-effective solutions for usage-based insurance programs.
Log in to access full profile ›Company Intelligence Q&A
- What is Sensomatix's primary focus?
- Sensomatix focuses on providing actuarial and analytic services specifically for the usage-based auto insurance industry, helping insurers assess and price risk based on driving behavior.
- Who founded Sensomatix?
- Sensomatix was co-founded by Ido Topaz and Assaf Tamir in July 2004.
- What is the core technology behind Sensomatix's offerings?
- The company's core technology is the Driving DNA platform, which powers its Safety Scoring services by analyzing telematics data, geographical, weather, and traffic information to identify unique driving behavior signatures and provide a risk index.
- When was Sensomatix acquired and by whom?
- Sensomatix was acquired by Verisk Analytics in January 2013.
- What problem does Sensomatix aim to solve for the insurance industry?
- Sensomatix aims to help insurers link premiums to actual driving risk, enabling them to reward safe policyholders, increase market share, and improve profitability through usage-based insurance offerings.