--- title: Consumption-Based Insurance Plans | CoverKraft Insurance Platform description: Discover how CoverKraft's Consumption-Based feature leverages data from trackers and Health Apps to offer personalized and fair insurance pricing based on actual usage. Learn how our API integration enables seamless data retrieval for enhanced customer experiences. --- [![Logo](https://coverkraft.com/hubfs/Group%201000005747%20(1).webp)](https://coverkraft.com/?hsLang=en) - [Home](https://coverkraft.com?hsLang=en) - Features Show submenu for Features - Core Insurance Management Show submenu for Core Insurance Management - [Full-Cycle Insurance](https://coverkraft.com/platform-features/full-cycle-insurance?hsLang=en) - [Business Rules Engine](https://coverkraft.com/platform-features/business-rules-engine?hsLang=en) - [Fully Localizable](https://coverkraft.com/platform-features/fully-localizable-insurance-platform?hsLang=en) - [Document Generation](https://coverkraft.com/platform-features/document-generation-made-easy?hsLang=en) - [Document Management](https://coverkraft.com/platform-features/efficient-document-management-with-coverkraft?hsLang=en) - Administration Show submenu for Administration - [Master Administrator Site](https://coverkraft.com/platform-features/streamline-insurance-platform-management?hsLang=en) - [Diary Management](https://coverkraft.com/platform-features/diary-management-software?hsLang=en) - [White-labeled site](https://coverkraft.com/platform-features/white-labelled-insurance-platform?hsLang=en) - Marketing Show submenu for Marketing - [Public Website](https://coverkraft.com/product-features/public-website?hsLang=en) - [WhatsApp Integration](https://coverkraft.com/platform-features/whatsapp-integration?hsLang=en) - [Integrated Chat](https://coverkraft.com/integrated-chat-feature-for-real-time-assistance-and-support?hsLang=en) - [Email Campaigns](https://coverkraft.com/platform-features/engage-and-nurture-leads-with-automated-email-campaigns?hsLang=en) - [Marketing Automation](https://coverkraft.com/platform-features/marketing-automation?hsLang=en) - Payments Show submenu for Payments - [Consumption-based Insurance Models](https://coverkraft.com/platform-features/consumption-based-insurance-plans) - [Payment Gateway](https://coverkraft.com/platform-features/payment-gateway-integration?hsLang=en) - [Fraud Protection](https://coverkraft.com/platform-features/fraud-protection?hsLang=en) - [Company](https://coverkraft.com/company?hsLang=en) Show submenu for Company - [About Coverkraft](https://coverkraft.com/company?hsLang=en) - [FAQS](https://coverkraft.com/faqs?hsLang=en) - [Partners Program](https://coverkraft.com/partner-program?hsLang=en) - [Coverkraft Blogs](https://coverkraft.com/blog?hsLang=en) - [Pricing](https://coverkraft.com/pricing?hsLang=en) [Book Call](https://coverkraft.com/book-a-call?hsLang=en) Consumption-Based Insurance Plans ## Personalized and Fair Pricing At CoverKraft, we believe in empowering insurers with innovative solutions that transform the insurance landscape. Our Consumption-Based feature introduces a game-changing approach to insurance pricing by leveraging data from trackers and health apps. This enables insurers to craft personalized and fair insurance plans based on real user behavior, promoting transparency and accuracy in premium calculations. [Get Quote](https://coverkraft.com/contact?hsLang=en) [View Demo](https://coverkraft.com/watch-a-demo?hsLang=en) ![](https://coverkraft.com/hubfs/Personalized%20Insurance%20Premiums.png) #### Personalized Insurance Premiums ![](https://coverkraft.com/hubfs/Fair%20and%20Transparent%20Pricing.png) #### Fair and Transparent Pricing ![](https://coverkraft.com/hubfs/Encouraging%20Safe%20and%20Healthy%20Habits.png) #### Encouraging Safe and Healthy Habits ![](https://coverkraft.com/hubfs/Data%20Collection%20via%20Trackers%20and%20Health%20Apps.png) #### Data Collection via Trackers and Health Apps ## Revolutionizing Insurance with Consumption-Based Pricing On this page, we'll explore how this feature works, the benefits it offers, and the role of our seamless API integration. By pulling data from various systems—such as SmartPhone Health Apps, Watch Trackers, and mobile phone apps for mileage and GPS—our platform ensures real-time access to accurate and relevant information. This integration enhances customer experience and equips insurers with valuable insights to make data-driven decisions. ![Card Image](https://coverkraft.com/hubfs/Frame%201000008817-1.png) ## Personalized Insurance Premiums ![](https://coverkraft.com/hubfs/icon-bullet-pur.webp) Gone are the days of one-size-fits-all insurance pricing. With our Consumption-Based feature, we can craft insurance plans tailored to each individual's usage patterns and behaviors. This personalized approach ensures that policyholders only pay for the coverage they truly need, leading to higher customer satisfaction and retention. ![Card Image](https://coverkraft.com/hubfs/Frame%201000008817%20(1)-1.png) ## Fair and Transparent Pricing ![](https://coverkraft.com/hubfs/icon-bullet-pur.webp) Transparency is at the heart of our Consumption-Based approach. By basing insurance premiums on actual usage data, we foster trust between insurers and policyholders. This fair pricing model allows policyholders to understand the factors influencing their premiums and promotes a sense of financial security. ![Card Image](https://coverkraft.com/hubfs/Frame%201000008817%20(2)-1.png) ## Encouraging Safe and Healthy Habits ![](https://coverkraft.com/hubfs/icon-bullet-pur.webp) Consumption-Based insurance incentivizes customers to adopt safe and healthy habits. For instance, by tracking fitness activities through health apps, policyholders can be rewarded with lower premiums based on their efforts to maintain an active lifestyle. ![Card Image](https://coverkraft.com/hubfs/Frame%201000008817%20(3)-1.png) ## Data Collection via Trackers and Health Apps ![](https://coverkraft.com/hubfs/icon-bullet-pur.webp) Policyholders can opt-in to provide data from various trackers and Health Apps. Our API integration allows for seamless data retrieval from systems like SmartPhone Health Apps, Watch Trackers, and mobile phone apps for mileage and GPS data. ![Card Image](https://coverkraft.com/hubfs/Frame%201000008817%20(4).png) ## Analyzing Usage Patterns ![](https://coverkraft.com/hubfs/icon-bullet-pur.webp) Once data is collected, our sophisticated algorithms analyze usage patterns, including health metrics, driving behavior, and location data. This enables insurers to gain valuable insights into customer behavior and risk profiles. ![Card Image](https://coverkraft.com/hubfs/Frame%201000008817%20(5).png) ## Crafting Personalized Insurance Plans ![](https://coverkraft.com/hubfs/icon-bullet-pur.webp) Using the analyzed data, we create personalized insurance plans that align with each policyholder's specific needs and risk factors. Policyholders can access their usage data through our user-friendly portal, promoting transparency and engagement. ## Enhancing Data-Driven Insights with Seamless API Integration Our API integration plays a crucial role in enabling the seamless retrieval of data from various systems. By pulling data from SmartPhone Health Apps, Watch Trackers, and mobile phone apps for mileage and GPS, our platform ensures real-time access to accurate and relevant information. This integration enriches the customer experience and empowers insurers to make data-driven decisions [Book Call](https://coverkraft.com/book-a-call?hsLang=en) ![api-integrationpng](https://coverkraft.com/hubfs/api-integrationpng.png) ## Embrace the power of low-code technology You can check your audience activity by click data above. You can access on apps too and website with your Ehya Account. [Book Call](https://coverkraft.com/book-a-call?hsLang=en) Blog ## Latest updates & insights ![Leveraging Machine Learning for Underwriting in the Insurance Industry](https://coverkraft.com/hubfs/Imported_Blog_Media/cropped_AdobeStock_873590397.jpeg) Leveraging Machine Learning for Underwriting in the Insurance Industry [Read More](https://coverkraft.com/blog/leveraging-machine-learning-for-underwriting-in-the-insurance-industry?hsLang=en) ![Revolutionize Your Insurance Operations with CoverKraft on Azure Marketplace](https://coverkraft.com/hubfs/CoverKraft%20-%20Azure%20Marketplace.webp) Revolutionize Your Insurance Operations with CoverKraft on Azure Marketplace [Read More](https://coverkraft.com/blog/revolutionize-your-insurance-operations-with-coverkraft-on-azure-marketplace?hsLang=en) ![CoverKraft's Ambitious Journey: Unveiling the 2024 Strategic Blueprint](https://coverkraft.com/hubfs/document-management.jpg) CoverKraft's Ambitious Journey: Unveiling the 2024 Strategic Blueprint [Read More](https://coverkraft.com/blog/coverkraft-2024-insurtech-roadmap?hsLang=en) ![Unlocking Efficiency and Cost Savings: How RRGs Benefit from a Low-Code Insurance Platform](https://coverkraft.com/hubfs/payment-gateway.jpg) Unlocking Efficiency and Cost Savings: How RRGs Benefit from a Low-Code Insurance Platform [Read More](https://coverkraft.com/blog/unlocking-efficiency-and-cost-savings-how-rrgs-benefit-from-a-low-code-insurance-platform?hsLang=en) ![The Future of Insurance Technology: Trends to Watch in 2024](https://coverkraft.com/hubfs/AdobeStock_427153917.jpeg) The Future of Insurance Technology: Trends to Watch in 2024 [Read More](https://coverkraft.com/blog/the-future-of-insurance-technology-trends-to-watch-in-2024?hsLang=en) ![Making Informed Choices in Insurance Technology: Build vs. Buy](https://coverkraft.com/hubfs/AdobeStock_84187034.jpeg) Making Informed Choices in Insurance Technology: Build vs. Buy [Read More](https://coverkraft.com/blog/making-informed-choices-in-insurance-technology-build-vs-buy?hsLang=en) ![Online Insurance Solutions Rebrands to CoverKraft: A New Era of Innovation and Excellence](https://coverkraft.com/hubfs/AdobeStock_302398914.jpeg) Online Insurance Solutions Rebrands to CoverKraft: A New Era of Innovation and Excellence [Read More](https://coverkraft.com/blog/online-insurance-solutions-rebrands-to-coverkraft-a-new-era-of-innovation-and-excellence?hsLang=en) ![Rapidly Developing New Embedded Insurance Solutions using a Low-Code Platform](https://coverkraft.com/hubfs/embedded-insurance.webp) Rapidly Developing New Embedded Insurance Solutions using a Low-Code Platform [Read More](https://coverkraft.com/blog/rapidly-developing-new-embedded-insurance-solutions-using-a-low-code-platform?hsLang=en) ![Unlocking Growth Potential in Emerging Markets: The No-Code Insurance Platforms Revolution](https://coverkraft.com/hubfs/Emerging%20Markets%20Insurance.webp) Unlocking Growth Potential in Emerging Markets: The No-Code Insurance Platforms Revolution [Read More](https://coverkraft.com/blog/unlocking-growth-potential-in-emerging-markets-the-no-code-insurance-platforms-revolution?hsLang=en) ![How WhatsApp Business API Can Revolutionize Insurance Sales](https://static.wixstatic.com/media/c59ef9_3ed5fa7d95ef42ab94dae26a1767eaea~mv2.jpeg/v1/fill/w_1110,h_741,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/c59ef9_3ed5fa7d95ef42ab94dae26a1767eaea~mv2.jpeg) How WhatsApp Business API Can Revolutionize Insurance Sales [Read More](https://coverkraft.com/blog/how-whatsapp-business-api-can-revolutionize-insurance-sales-advantages-over-web-based-experience?hsLang=en) ![Social Media Tips for Insurance Brokers](https://coverkraft.com/hubfs/Imported_Blog_Media/c59ef9_f727888e58f5421d9ddb4718a0dfdd27~mv2.jpeg) Social Media Tips for Insurance Brokers [Read More](https://coverkraft.com/blog/social-media-tips-for-insurance-brokers?hsLang=en) ![5 tips to use email marketing to drive insurance sales](https://coverkraft.com/hubfs/Imported_Blog_Media/c59ef9_c1ae95fede9a4fb2bd159150607f70fc~mv2.jpeg) 5 tips to use email marketing to drive insurance sales [Read More](https://coverkraft.com/blog/5-tips-to-use-email-marketing-to-drive-insurance-sales?hsLang=en) ## All Features ![Card Image](https://coverkraft.com/hubfs/core_insurance.png) ## Full Cycle Insurance Core Insurance ![Card Image](https://coverkraft.com/hubfs/master_admin.png) ## Master Administration Site Administration ![Card Image](https://coverkraft.com/hubfs/whatsapp_inte.png) ## WhatsApp Integration Marketing ![Card Image](https://coverkraft.com/hubfs/business_mart.png) ## Business Rules Engine Core Insurance ![Card Image](https://coverkraft.com/hubfs/Fully%20Localized-1.webp) ## Fully Localizable Core Insurance ![Card Image](https://coverkraft.com/hubfs/Public%20Website-1.webp) ## Public Website Marketing ![Card Image](https://coverkraft.com/hubfs/Diary%20Management.webp) ## Diary Management Administration ![Card Image](https://coverkraft.com/hubfs/White%20Labelled%20Site.webp) ## White-labeled site Administration ![Card Image](https://coverkraft.com/hubfs/Integrated%20Chat.webp) ## Integrated Chat Marketing ![Card Image](https://coverkraft.com/hubfs/Document%20Generation.webp) ## Document Generation Core Insurance ![Card Image](https://coverkraft.com/hubfs/Document%20Mangement.webp) ## Document Management Core Insurance ![Card Image](https://coverkraft.com/hubfs/Marketing%20Automation.webp) ## Marketing Automation Marketing ![Card Image](https://coverkraft.com/hubfs/Email%20Campaign.webp) ## Email Campaigns Marketing ![Card Image](https://coverkraft.com/hubfs/Fraud%20Protection.webp) ## Fraud Protection Payments ![Card Image](https://coverkraft.com/hubfs/Payment%20Gateway.webp) ## Payment Gateway Payments ![Card Image](https://coverkraft.com/hubfs/Consumption%20based%20Insurance.webp) ## Consumption-based Insurance Payments ## Don't get left behind!  Your competitors are already embracing the power of low-code technology. You can contact us on : [![](https://coverkraft.com/hubfs/Mask%20group-4.webp) +44 (0)118 974 4736](tel:+44%20(0)118%20974%204736) [![](https://coverkraft.com/hubfs/Mask%20group%20(1)-3.webp) hello@coverkraft.com](mailto:hello@coverkraft.com) ### Schedule Discussion You can contact us on : [![](https://coverkraft.com/hubfs/Mask%20group-4.webp) +44 (0)118 974 4736](tel:+44%20(0)118%20974%204736) [![](https://coverkraft.com/hubfs/Mask%20group%20(1)-3.webp) hello@coverkraft.com](mailto:hello@coverkraft.com) [![Coverkraft](https://coverkraft.com/hubfs/Group%201000005747%20(1).webp)](https://coverkraft.com/?hsLang=en) ![arrow](https://coverkraft.com/hubfs/Group%201000005746%20(1).webp) ### Links - [Pricing](https://coverkraft.com/pricing?hsLang=en) - [Contact](https://coverkraft.com/contact?hsLang=en) ### About Us - [Company](https://coverkraft.com/company?hsLang=en) - [Watch Demo](https://coverkraft.com/watch-a-demo?hsLang=en) - [Partner Program](https://coverkraft.com/partner-program?hsLang=en) ### Stories - [Blog](https://coverkraft.com/blog?hsLang=en) ### Legal - [Privacy Policy](https://coverkraft.com/privacy?hsLang=en) - [FAQs](https://coverkraft.com/faqs?hsLang=en) © Discover Digital Solutions Limited, 03084977, Registered in England - [![Vector-1](https://coverkraft.com/hubfs/Vector-1.webp)](https://www.youtube.com/@CoverKraft) - [![Object](https://coverkraft.com/hubfs/Object.webp)](https://www.facebook.com/CoverKraftInsurance) - [![svg_2](https://coverkraft.com/hubfs/svg_2.webp)](https://x.com/Cover_Kraft) - [![icons8-linkedin (1)](https://coverkraft.com/hubfs/icons8-linkedin%20(1).svg)](https://www.linkedin.com/company/coverkraft/)