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Insurance Telematics

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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Octo Telematics launches Internet of Things insurance platform

Octo Telematics has launched its Next Generation Platform (NGP). The platform provides open access and seamless integration of any Application Platform Interface (API). It also provides a fully-modular insurance telematics structure, giving flexibility through mix-and-match service selection. The development of the platform as an IOT ecosystem, provides the scope and …

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LexisNexis Risk Solutions and Modus announce new alliance

LexisNexis Risk Solutions and Modus have announced new alliance which provides insurers more options in after-market solutions to gather data and apply advanced analytics in developing and managing their UBI programs. It is known that LexisNexis Risk Solutions is a provider of data and analytics in insurance telematics, and Modus, …

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AXA Affin launches Malaysia’s first telematics-based motor insurance

AXA Affin General Insurance Bhd has launched AXA FlexiDrive which is Malaysia’s first telematics-based motor insurance. It uses a special tracking device installed in the vehicles along with a mobile App. This helps the drivers and the insurance company to better understand the driving behavior. The company offers discounts of …

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Sharemine, a shared mobility platform unveiled by Omoove

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Omoove has revealed its new product, Sharemine, the shared mobility platform that lets operators build a carsharing or ridesharing community, usable by individuals and fleet owners. Omoove is a subsidiary of Octo Telematics and is one of the leading shared mobility technology providers in Europe. Sharemine is a web-based tool, …

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TrueMotion joins the LexisNexis Telematics Exchange

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LexisNexis Risk Solutions and TrueMotion have announced a new alliance providing insurers greater flexibility and consumer-focused UBI programs. Through this alliance, TrueMotion is joining the LexisNexis Telematics Exchange, which will allow insurance carriers who opt-in to take advantage of data from the industry and OEMs, make better decisions faster, and …

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Singapore: Etiqa Insurance launches usage based car insurance ePROTECT sMiles

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Insurance arm of Maybank Group, Etiqa Insurance, has launched an affordable usage-based car insurance ePROTECT sMiles in Singapore, providing 50% premium savings upfront and potentially saving customers close to $500 annually. Following the wider interest and usage of Usage-based insurance (UBI) in Singapore, the launch of ePROTECT sMiles supports the …

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