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Insurance Telematics

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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Octo Telematics and Agero partner to deliver an integrated crash management solution

Octo-T'wire

Octo Telematics and Agero have announced a partnership to deliver an integrated crash management solution to enable carriers to more proactively and quickly respond to any crash situation, and will permit insurance carriers to improve First Notice of Loss (FNOL) services and savings. Octo Telematics is a leading global provider of telematics and …

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Connected cars and the role of telematics in the future of intelligent transport

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Undoubtedly connected cars are transforming the driving experience across Australia and the world. From driverless cars to real-time traffic updates and on-demand infotainment, telematics has endlesspotential to vastly improve the efficiency and safety, as well as the enjoyment of drivers on the nation’s roads. The benefits of telematics do not …

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Telematics is a paradigm shift for insurers and consumers alike

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Maneesh Prasad, Editor, Smart Automotive & CEO of Telematics Wire explored the horizon of insurance telematics in discussion with Nino, where he gave interesting insights. Q: Congratulations on reaching 5 million connected cars under your Octo umbrella. What numbers do you expect in the next 3 to 4 years? A: …

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IRDAI asks insurers to send views on implementing telematics

IRDAI, the insurance regulator in India has put out a draft report on telematics. The regulator has asked the insurers to send their views on implementing technology and revisiting the pricing methodology. The insurers have also been told to look at alternatives to conventional telematics devices like smartphones with mobile …

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LexisNexis Global Telematics introduces multi-language capability in its platform

LexisNexis Global Telematics has introduced multi-language capability in its platform. Global insurers expanding their telematics propositions into new territories can now take advantage of this capability of the LexisNexis Global Telematics Platform from insurance data analytics and telematics leader LexisNexis Risk Solutions. The new multi-language capability has the ability to …

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IMS chosen by Amica Mutual Insurance as its partner for an on-demand insurance telematics program

Amica Mutual Insurance Co. Selects IMS to Power On-Demand Auto Insurance Telematics Program (CNW Group/Intelligent Mechatronic Systems Inc.)

Intelligent Mechatronic Systems (IMS) has been chosen by Amica Mutual Insurance Co as its partner for an on-demand insurance telematics program. It is known that Intelligent Mechatronic Systems is connected car and insurance telematics solution provider while Amica Mutual Insurance is an automotive insurer in the United States.  Amica’s upcoming program …

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