Fairsich is a Berlin-based InsurTech startup that provides a smart car insurance solution. We believe insurance is generally perceived as an unpleasant experience, not only since you have to pay for an uncertain benefit in the future, but also you will receive that benefit through a long and complicated process. It can be even worse when it comes to existing unfair car insurance policies that do not distinguish good and bad driving behavior accurately. Fairsich car insurance solution evaluates driving behavior, and based on that, offers fair pricing and fast claims. Our vision is to promote good quality driving behavior and also to provide a pleasant car insurance experience.
Fairsich is a fair motor insurance solution that offers a pleasant experience, and the cheapest possible insurance premium for low-risk drivers by considering penalties for high-risk drivers. Our platform consists of a constant monitoring IoT device installed in the car, an easy-to-use app, and a privacy-protective data analysis system for assessing driving style. We won't have any access to our customers' data. All data analytics will take place on the customer’s side, using Edge Computing.