It is the first intelligent insurance product, designed to provide affordable insurance to young drivers, based on their driving performance
MAPFRE MIDDLESEA has won the Best App Award at this year’s Malta Communication Authority’s E-Business Awards. The company got the award for its MotorMax app, which was launched in August 2015.
MAPFRE Middlesea was the first insurance company in Malta to launch an intelligent insurance product, designed to provide affordable insurance to young drivers, based on their driving performance.
The Motormax app is fed data from a small car-mounted telematics device which empowers drivers to keep tabs on their driving patterns with respect to parameters such as speed, mileage and time of driving measured on a 1 to 4 scale. Driving performance is then calculated on a daily basis and diligent drivers are rewarded with up to 40% off their insurance renewal policy.
The app also includes real-time car localization, driving habits statistics and a parking timer which reminds drivers to move their car. It also includes a feature to call assistance in case of emergency.
“It is an honor and a pleasure to receive this award. We at MAPFRE aspires to lead the markets in which we operate through innovation and vocation for service. This recognition is testimony that MAPFRE Middlesea has a clear and focused client orientation and utilizes technology as a differentiator to improve the customer’s experience,” said Felipe Navarro, the company’s CEO, who was also in charge of receiving the price.
The MotorMax app can be downloaded from the App Store and Google Play.