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Insurance Telematics

Allstate testing smartphone app to monitor drivers’ habits

Published: May 30, 2014 Allstate is testing a smartphone application that is collecting drivers’ habits. It  has a driver-monitoring program which uses a device that plugs into a car. In return for safe driving, drivers qualify for insurance discounts. Although devices like Allstate’s current Drivewise and Progressive’s Snapshot are considered …

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Dept. of Financial Service (DFS)-New York promotes the use of UBI through in-car telematics

USA_NewYork

Published : May 28, 2014 The New York Department of Financial Services (DFS) issued a bulletin to auto insurers doing business in New York urging them to adopt “usage-based insurance” (UBI) programs. Under these voluntary programs, consumers can install telematics devices in their cars and catalog data on driving habits. …

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The Floow to provide its telematics platform to NIG insurance

The Floow logo

Published: May 22, 2014 The Floow, a specialist UK based telematics service provider, is pleased to confirm that it has been appointed to provide commercial insurance experts NIG with a smartphone application and telematics platform called Fleet Manager. Designed to collect data through a unique telematics fleet solution, The Floow …

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Risk Technology partners with R-Telematica to expand its international presence in insurance telematics business

Published: May 24, 2014 Risk Technology has further expanded its international reach with a new partnership in Russia. The fast growing telematics pioneer, has partnered with R-Telematica to launch a new product for both ‘Smart’ insurance telematics and innovative fleet management services to the Russian market. The insurance service will …

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LexisNexis acquires Wunelli, expands its UBI telematics business

Published: May 21, 2014 LexisNexis® Risk Solutions today announced it is expanding its global usage-based insurance (UBI) solutions with the acquisition of Wunelli, an industry-leading telematics data services company based in the United Kingdom. Together, the companies will empower insurers to leverage telematics data to make timely, informed decisions, reduce …

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Casualty Actuaries Society grapple with the details of the telematics revolution

Published: May 16, 2014 At the Casualty Actuarial Society’s recent Ratemaking and Product Management Seminar, actuaries learned how telematics works and how well it works in the insurance industry. And, they were told, actuaries are critical to making telematics successful in the future. Jim Weiss, FCAS, spoke about how ISO, …

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IBAO to offer two upcoming telematics offerings in the insurance sector

Published: May 7, 2014 Independent Broker Resources Inc. (IBRI), a subsidiary of the Insurance Brokers Association of Ontario, will introduce two telematics offerings to the industry according to IBAO CEO Randy Carroll.  IBRI will be offering a telematics solutions from Ingenie, a United Kingdom-based telematics broker that is expanding into …

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Modus and MyDrive signed a deal on insurance telematics

Published: May 6, 2014 Modus and MyDrive have joined forces to deliver a combined insurance telematics offering. Together the companies enable insurance companies to focus on the most valuable asset of insurance telematics: analyzing, understanding and using driver data to build new product offerings and market strategies. As the global marketplace …

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The Floow announces its app partnership for the Direct Line Insurance Group

Published: May 6, 2014 The Floow, the specialist UK based telematics service provider has been appointed the supplier of smartphone applications and telematics data analytics to Direct Line Group for the recently launched Direct Line DrivePlus product range. Within this arrangement The Floow acts as the central ‘data hub’, responsible for …

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Risk Technology partners with Chipin to launch telematics solution in Benelux

Published: April 30, 2014   Risk Technology has partnered CHIPIN to launch a dynamic pricing Usage Based Insurance (UBI) and Fleet Telematics Solution in the Netherlands, Belgium and Luxembourg.  Risk Technology’s tried and tested telematics solutions has enabled CHIPIN to move quickly to market with a client-focused insurance product with …

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