Contact person: Sukhvinder S. Lamba
Email address: [email protected]
Contact number: +91 9650502747
Asia and ANZ
The Digital Insurer Startup InsurTech Award
Insurance IOT and Connected Car market is picking up in India. At Waypals, we have seen this market evolve from Incubation to Exploration to Learning stage. Insurance Companies see this as something that will bring next phase of growth.
At Waypals, we always focused on building state-of-art technology that could scale, is secure and was value for money for both Users and Partners. That has always kept us ahead of the curve in the industry. We continue to build solutions that are futuristic and bring connectivity, security and convenience to our customers.
From the market standpoint, Waypals is well positioned at this point of time to support both OEM’s and Insurance companies with Connected Vehicle Solutions. We are market leaders in Connected Vehicle Technology with specialization of Consumer Cars and Telematics Insurance (UBI, Driving Patterns and Driving Score).
We are most feature rich and at the same time, most technologically advanced Connected Vehicle Service in India and not second to any other technology provider in the world. Waypals have advanced Admin Console’s and distinctive feature set for Insurance admin’s. We have advanced deep data analytics solutions to provide Real-time Data Analytics using Decision Technologies and Driving Behaviour analysis.
At Waypals, we focus on building state-of-art technology Automotive IOT Solutions with focus on scalability of system and security of data. That has always kept us ahead of the curve in the industry. We are an IOT solution and utilizing most advanced technologies like Machine Learning, Big Data Analytics and Cloud Computing.
At Waypals, Systems and Data Security is of utmost priority and we are constantly working to Cyber-Proof our systems. Safeguarding back-end systems and hardware components with advanced security solutions was taken care at the design stage. Our systems are build with network protection at different layers and follow security channels with layers of encryption, firewalls and other access control systems.
However, with technology advancements happening everyday, one can’t guarantee full security over time. So, we support Over-The-Air (OTA) updates that allow us to make firmware and configuration updates remotely to our devices at any point of time to eliminate any vulnerabilities.
We are also working to use Block-Chain, as it presents immense possibilities for everyone in the connected car space. Block-Chain technology will allow us to selectively and securely share data. Block-Chain Technology’s secure nature of transactions and the authenticity of the data has the potential to revolutionize Cyber-Security in Connected Vehicle space.
Waypals Video can be seen at https://www.youtube.com/watch?v=J9g82-ufPxY