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Insurance Telematics

Octo Telematics completes acquisition of the usage-based insurance assets of Willis Towers Watson

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Octo Telematics (Octo) has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson announced on 11th October, 2017. This acquisition includes Willis Towers Watson’s market-leading DriveAbility solution and the DriveAbility Marketplace. Octo will form a strategic alliance with Willis Towers Watson, focusing on advancing UBI data …

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Vodafone becomes digital telematics partner of Admiral car Insurance

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Vodafone has become the digital telematics partner for Admiral Insurance, the UK’s largest car insurance provider. As part of the new agreement Vodafone will provide the underlying telematics services for the Admiral LittleBox offer, including devices, connectivity, data management, crash analysis and safety related services. Telematics enabled Usage Based Insurance …

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Telematics and UBI market in India is at a very interesting junction with many Insurers, Insurtechs and OEMs entering in a big way: Saurabh Chatterjee

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Telematics Wire interviewed Sourabh Chatterjee President, Head- Technology, Digital Marketing and Sales, Bajaj Allianz General insurance. Sourabh Chatterjee heads IT, web sales, digital and direct marketing at Bajaj Allianz General Insurance. He is responsible for delivering technology solutions and support, along with providing digital marketing solutions to the company. He …

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Octo surpasses three million usage-based insurance (UBI) users in North America

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Octo Telematics, a global provider of telematics and data analytics solutions for the auto insurance industry, announced that it has surpassed three million usage-based insurance (UBI) users in North America, a 50% increase over just one year. The global demand for UBI is growing rapidly and is predicted to reach …

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Toyota and Aioi Nissay Dowa Insurance jointly bring telematics insurance product

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Toyota and Aioi Nissay Dowa Insurance have jointly developed Japan’s first driving behavior-based telematics automobile insurance. The plan is available to owners of certain units of Toyota connected cars and uses driving data gathered via telematics technologies to adjust insurance premiums based on the level of safe driving every month. …

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Merging two key trends in personal transportation in India: “Transportation as a service” and “user based insurance”

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Have you ever wondered, when your driver took your car to pick up your children from school and something unfortunate happens, what will be covered by your vehicle insurance? When you rest a car from a self-driving car rental company for your next vacation, are you able to get a …

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Octo Telematics acquires the usage-based insurance (UBI) assets of Willis Towers Watson

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Octo Telematics has acquired the usage-based insurance (UBI) assets of Willis Towers Watson, including its market-leading DriveAbility solution and the DriveAbility Marketplace. Geoff Werner (Global Telematics Leader),  Key Willis Towers Watson personnel, who has led the development and growth of DriveAbility throughout its lifecycle, will also join Octo Telematics as …

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Automated vehicles will result a range of complex regulatory challenges that can affect the insurance market profoundly

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Berg Insight has released new findings about the effect of autonomous cars on auto insurance. Several major trends are currently impacting the motor insurance market, which has resulted in higher competitiveness and new stakeholders on the market. The integration of telematics technology constitutes the latest revolution for the automotive insurance …

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Octo releases Glimpse Plus telematics service for insurers to gather accurate data on driving behavior & more

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Octo Telematics, has released Glimpse Plus, a cutting-edge, digitally-enabled telematics service that provides a reliable way for insurers to gather accurate data on driving behavior, as well as more detailed crash detection and claims analysis. The solution also enables consumers to use their smartphone to monitor their driving habits and …

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Telematics, the way forward in insurance

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The advent of technology has enabled the possibility of hyper-localization and hyper-targetingof specific audiences in terms of messaging, segmentation, and serviceability. Telematics is an enabler which provides the same opportunity in Motor Insurance ecosystem. It’s a potent tool that helps insurance companies track, assess and modulate offerings and hyper-target underwriting. …

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