Traditionally, the premium rate of motor insurance can only be calculated by statistics, genders, age, car type and previous claim records. However, a driver’s own driving behavior has never been reflected on his/ her own premium rate, which is not entirely fair to safe drivers.

FWD has made a breakthrough by introducing the first driving technique assessment app – FWD Drivamatics. It can record each ride in detail and give a score based on a comprehensive range of factors including smooth acceleration, braking technique, turning technique, concentration and safe speed. On top of the “no claims discount”, the motor insurance policyholders will be awarded with cash rebates of up to 30% of the total premiums paid for that policy year, based on their average driving scores.

With big data analytics collected from the users’ driving behavior together with the transparent rewarding scheme, drivers are encouraged to drive more safely which in turn will bring down the risk of getting into an accident. FWD as an insurer will also be benefited since claims will be reduced. In long run, we are ultimately promoting road safety in Hong Kong. This is a WIN-WIN-WIN situation that we are striving for.