Overview
Overview
SGT InsurTech App is a fully-digital insurance platform: instant quote from a phone, photo-based claim submission, AI-driven damage assessment, fraud screening, and faster-payments payout — typically within 2 hours of submission. Pricing is data-driven, blending traditional underwriting with telematics, IoT, and behavioural signals.
Built for direct-to-consumer InsurTech brands, embedded-insurance partners (neobanks, retailers, OEMs), and traditional insurers running a digital sleeve alongside their legacy book. Underwriting capacity is provided by SGT or fronted by Lloyd's syndicates / re-insurers per programme.
- Instant quote — 5 questions, sub-second pricing, bind-now CTA
- Photo claim → payout in hours — computer vision damage assessment, auto-pay ≤ £1,500
- Usage-based premium — telematics or IoT pings tier you A–E, premium adjusts monthly
- Live status tracker — every step from submission to settlement visible in-app
How It Works
The diagram shows the four layers of an InsurTech deployment. Hover any module to see live telemetry.
- Policyholder App — single-screen claim flow (photo → AI → approved → payout), AI scan overlay drawing bounding boxes on damage, payout amount cycling through queued → in-transit → settled, plus the policy/premium box.
- AI Claims Engine — YOLO-detect damaged parts, classify part & severity, look up replacement-part cost, decide auto-pay or refer-to-human; fraud check on EXIF, GPS, image hash, geometry plausibility, and claimant history.
- Telematics Pricing — 4 sliders (speed / braking / night-% / mileage) feed a 0–100 driver score, which drives next-month premium adjustment; IoT pings sparkline shows live data feed.
- Status & Risk — per-claim lifecycle timeline (submitted → assessed → approved → payout → settled → ceded → subrogation); portfolio-health dashboard with loss ratio, combined ratio, solvency II, NPS.
A continuous feedback channel pushes premium re-pricing, risk-model retraining, and fraud-rule updates back into the engines — the purple stream along the bottom.
Features
- 5-question quote — bind-now, e-doc policy in your wallet
- Photo / video claim — drag-drop, in-app camera, AI guides the angles
- AI damage assessment — auto, electronics, bike, home contents, livestock
- Fraud-prevention layer — image-hash DB, EXIF + GPS, generative-AI detection, behaviour
- Telematics — smartphone-only, OBD-II dongle, or OEM-direct (Tesla / Polestar)
- IoT-priced home — leak / smoke / door sensors knock premium down
- Parametric & on-demand — turn cover on/off by the hour (e.g., gig delivery, ski trip)
- Status tracker — push updates, ETA-aware, "explain-this" AI for any rejection
- Re-insurance integration — automated ceding to Munich Re / Swiss Re / Lloyd's syndicate
- Subrogation workflow — flag 3rd-party fault claims and pursue recovery
- Vulnerable-customer flag — slow-down decisions, human review, signposting
Use Cases
- Motor insurance — telematics-priced auto, photo claim, parts-DB cost
- Device cover — phone, tablet, laptop bundled with retailer / telco purchase
- Home contents — IoT-priced, leak/smoke sensors give discounts
- Pet insurance — symptom-photo, vet-direct payout
- Travel cover — on-demand, parametric flight-delay, lost-bag QR-track
- Embedded insurance — banks/retailers/OEMs sell cover at point-of-sale via SGT API
Specifications
- Lines of business: Motor, Home, Device, Pet, Travel, Cyber, Gig-worker, Parametric
- Quote latency: p95 320 ms (5-question), p95 1.8 s (broker-grade 25-question)
- Claims AI: YOLO-v8 + custom severity head, AUC 0.91, auto-pay 78% of claims ≤ £1,500
- Telematics: smartphone (iOS/Android), OBD-II dongle, OEM-direct API; 18K+ pings/day
- Payout rails: Faster Payments (UK), SEPA-Instant (EU), ACH same-day (US), UPI (IN); median 2.1 h
- Capacity: SGT in-house syndicate, Lloyd's fronting, treaty re-insurance with Munich Re / Swiss Re / Hannover Re
- Compliance: FCA + PRA (UK), MFSA / BaFin (EU), Solvency II, FOS / FSCS handling, GDPR
- Security: SOC-2 Type II, ISO 27001, AES-256 at rest, TLS 1.3, MFA, vulnerable-customer framework
Product information
| Product name | InsurTech App |
|---|---|
| Category | FinTech Products |
| Type | Mobile Application |
| Procurement | Contact / Negotiable |
Customisation options
- Lines of business — motor, home, device, pet, travel, cyber, gig-worker, parametric (flight, weather, crop)
- Quote depth — 5-question instant (smart-defaults), 25-question broker-grade, or open-banking-prefilled
- Telematics source — smartphone-only, OBD-II dongle, OEM-direct (Tesla / Polestar / BMW), or hybrid
- Claim AI scope — motor (damage parts), device (screen / liquid / drop), home (water / fire / theft), pet (symptom photo)
- Auto-pay threshold — £500 (conservative), £1,500 (default), £5,000 (aggressive), or model-confidence-based
- Capacity model — fully reinsured (capital-light), Lloyd's fronting, treaty-cession, or fully on own paper
- Distribution — direct-to-consumer app, embedded API (banks / retailers / OEMs), broker portal, white-label affinity
- White-label option — your branding, your underwriting rules, your re-insurance treaty, your-policy-doc templates
Ordering & lead time
Standard lead time depends on current stock. For volume orders, please contact our team for a structured quote including BOQ, freight, installation and warranty terms.
Support
Engineering support, installation guidance and warranty claims are handled by our customer success team. Reach us at support@sgtsystems.com or via the channels listed on our Contact page.