Division:South/North America
Field:Other
Project Evaluation:2000000 Financing Amount:Secret Cede Share:Secret
Executive Summary: Smart Bumper Sticker.
Problems Solved:
For Insurance Companies:
1. High cost of investigating fraudulent claims.
2. Cost of Humanly reported & manual entry of claim data.
3. Errors in manual entry due to street noise at collision scene.
For Insured clients :
1. Ease of filing “1-click” insurance claims, without filling complicated forms.
2. Authenticated, electronically collected evidence of a collision.
3. Options for automatically informing family/friends who can come for help if nearby.
4. Possible discount on premium as Insurance companies will save money in investigating claims.
With "Smart Bumper Sticker" you can:
• Use sticker just like any regular bumper sticker
• Transmit electronically collected, authenticated information to insurance agencies or authorities or may inform friends / family.
• Keep paperwork to a minimum
• Reduce administrative costs
• Save time and money!
Technical Functionality:
• The smart bumper sticker will be put on automobile bumpers to record vital data when a collision or accident occurs. The data is stored in tiny memory modules embedded in the sticker. The data contains information pertaining to force of the impact, the direction of the impact, as well as the date, time and geo-location of the collision.
• Retrieving the collision data is achieved through an NFC-enabled smartphone running a companion app which can also be used to transmit the collision data to insurance agencies and/or to other interested parties. This will also reduce the paper work and administrative cost of claim system management.
Insurance Companies (Reduced paper work/ manual data entry / Authenticated evidence) may even offer discount on premiums.
Automobile/shipping-container manufacturers may use it as a built-in feature.
Artists/designer/advertisers to customize the real estate on the bumper.
Inventor/Founder/CEO :
Qirfiraz Siddiqui , (CEO@SmartBumperSticker.com) is an electronics engineer with over 40 years of professional experience in Asia, Middle East, Africa & North America.