Car cover from Absa Insurance that’s recovered 83% of stolen vehicles
Activate – a digital insurance product underwritten by Absa Insurance – has achieved an 83% success rate when recovering its customers’ stolen vehicles.
It attributes this high rate of success to its use of cutting-edge technologies such as telematics, machine learning and AI.
These technologies power several other valuable features that are offered by Activate, too – including a built-in crash detection system and a panic button.
All these features are provided to Activate customers at no additional charge.
“We know that South Africans contend with many challenges and, as Absa, we want to provide solutions to the difficulties that make our customers most vulnerable in a fast and efficient manner,” said Nirven Maharaj, Executive at Absa Insurance.
Technology-focused excellence
Absa is committed to becoming a digitally led organisation, and the wealth of features that it offers through its Activate insurance product is proof of this ambition.
For example, Activate insurance customers receive guidance from the Activate App on how to improve their driving habits.
If customers follow this guidance effectively, and if they limit the use of their vehicles to when it is necessary, they can earn up to 40% of their premiums back in cash every month.
On average, Activate customers receive 11% of their premiums back thanks to this feature.
“It is important to us that our customers are taken care of holistically,” said Maharaj.
“It is not enough to cover them when a crisis occurs. We want to play our part in limiting their distress by helping to identify and prevent incidents.”
Other key technology-driven features that Activate customers can access through the Activate App include:
- Cash-back rewards
- Claim logging
- Check for approaching storms
- Receive emergency assistance, including a drive-me-home service.
Customers can take advantage of these features without needing to log a call to a cell centre – providing a better and more convenient experience for modern consumers.
Absa’s Banking App lets you buy short-term insurance online in under five minutes – so download the Absa Banking App and get insured today.
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