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Insurance Telematics

Cellcontrol unveils ‘DriveID’ 2nd generation distracted driving platform

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Published: September 5, 2014 | United States Cellcontrol announced the public unveiling of its second generation distracted driving platform, DriveID. In addition to the company’s award winning core technology that prevents texting, emailing, and other inappropriate mobile device use while driving, Cellcontrol’s DriveID also fully supports driver behavior monitoring and …

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Telit and IMETRIK provide UBI solution in North America

Published: September 4, 2014 | United States Telit Wireless Solutions has announced that IMETRIK has selected Telit’s popular UE910 series module for its automotive insurance solution. The UE910 3G module is embedded in IMETRIK’s end-to-end automotive insurance solution that enables insurance companies to track and measure clients’ driving patterns in …

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Agero’s new mobile usage based insurance (UBI) platform with auto crash notification

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Published: September 04, 2014 | United States Agero, Inc., a provider of roadside assistance and vehicle and driver safety announced its mobile usage based insurance (UBI) platform. The new platform provides a holistic UBI solution by introducing two new important mobile applications: PolicyPal, which tracks driving habits in real-time, and …

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Modus partners with Bell to offer ‘Modus Go’ insurance telematics solutions to Bell customers

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Published: September 4, 2014 | United States Modus announced a new partnership with Bell, Canada’s communications company, to be the exclusive carrier in Canada to bring the innovative suite of Modus Go insurance telematics solutions to insurance providers and their customers. Modus is changing the dynamics of the global automobile …

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Vehcon launches MVerity to provide accurate mileage data to insurance carriers

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Published: September 3, 2014 | United States  Vehcon Inc announced its new offering MVerity that provides accurate and verified mileage readings for underwriting, claims, and usage-based insurance (UBI) for less than $1 per vehicle per year. It is industry’s first program to make the verified mileage data available to the …

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Agnik and Harman bags U.S. DoT contract for next-gen usage-based insurance

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Published: September 2, 2014 | United States Agnik announced that it has received a US Department of Transportation Contract for developing advanced mathematical game-theoretic framework-based products in the area of social incentives and mechanism design for usage-based insurance. This project will be performed in collaboration with Harman International. The project …

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Metromile’s new android app pitches pay-as-you-drive auto insurance

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Published: August 29, 2014 | United States  MetroMile – offers “pay as you go” insurance, where drivers pay by the mile. A device fitted to the car tracks the mileage and customers are billed monthly according to how far they have driven. The company claims that this saves low-mileage drivers an …

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Infographic: LexisNexis research study on Usage Based Insurance (UBI) 2014

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Published: August 28, 2014 | United States LexisNexis Risk Solutions released a study which says that consumers are beginning to see the safety benefits associated with telematics as a major proof point when deciding whether or not to adopt a usage-based insurance (UBI) program. Additionally, consumers comfort levels with sharing …

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Progressive Insurance on OEM-based UBI models and the roadmap ahead

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“The opportunities to advance UBI may reside in the use of smart technology, like mobile and original equipment manufacturer (OEM) telematics.”- Dave Pratt, General Manager(UBI), Progressive Insurance For years now, industry experts have debated whether or not UBI models would take off, and essentially re-orient the motor insurance industry. Various insurance carriers across the globe …

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Octo Telematics on the ‘willingness’ factor for Insurance Telematics

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The motor insurance industry is on the brink of an intense change that will effectively manage claim costs, enhance pricing style, improve profitability, and differentiate policyholder products and services. Additionally there is an opportunity to improve the driving style and reduce accident frequency and severity. But the success of such …

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