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Insurance Telematics

Octo Telematics announces milestone of five million cars connected worldwide

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Market leader sees 25% increase in 12 months as popularity of telematics insurance policies soars Octo Telematics (Octo) has said that five million cars are now connected to Octo telematics platform across the globe, a 25% increase since 2016.  The firm is a leading global provider of telematics for the …

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Smart Car solution launched by Singtel and AXA

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Singtel and AXA Insurance has launched Singapore’s first smart car solution aimed at promoting better and safer driving habits. The solution, comprising a Modus smart car device and cloud-based smart car application, analyses driving patterns through a vehicle’s On-Board Diagnostic (OBD) port. Upon complimentary onsite installation, the Modus device will synchronise with the smart car application on customers’ smartphones over Singtel’s …

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BIBA teams up with member Marmalade to provide a young driver telematics scheme

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The British Insurance Brokers’ Association (BIBA) has teamed up with member Marmalade to provide a young driver telematics scheme. The new scheme will allow BIBA members to increase their share of the growing young driver market by offering competitive average premiums of around £1,300, on average, for 17 – 24 …

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Acronis partners with Raxel Telematics for adoption of Blockchain technology

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Acronis has partnered with Raxel Telematics. The new partnership with Raxel Telematics will extend the application of Acronis’ blockchain-based solutions such as Acronis Notary and Acronis ASign to the insurance industry and beyond, giving businesses powerful tools to validate important data. The blockchain technology market is tipped to reach $7.74 …

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Nexar announces its vision-based Telematics solution

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Nexar, the provider of vehicle-to-vehicle network for preventing road collisions and enabling autonomous mobility, announced its vision-based Telematics solution which will leverage smartphone and cameras in automobiles to decrease accidents, better price auto insurance risk, and deter fraud. Insurance companies today are searching for an affordable and connected telematics solution …

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Insurance discount offered by Liberty Mutual Insurance for Volvo owners using advanced safety features

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Liberty Mutual auto insurance customers who drive a Volvo with active or passive advanced safety features may soon see a discount on their premium through Liberty Mutual’s new TechSafety program. In addition to encouraging the adoption of advanced and autonomous safety features among drivers through savings incentives, Liberty Mutual will …

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Insurer IAG purchases telematics innovator CCS

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Insurer IAG is targeting innovation and adding more value to commercial fleet customers through its Fleet Fit proposition with the purchase of Christchurch-based fleet efficiency and safe driver coaching business, CCS Innovation in Logistics (CCS). CCS, established by entrepreneur Corinne Watson in 2005, provides a New Zealand-wide proposition from their …

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Sompo Japan to introduce telematics car insurance

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Sompo Japan Nipponkoa Insurance is to introduce an automobile policy this year that would offer discounts based on driving data captured by a smartphone app. Sompo Japan’s has launched a mobile app named ‘Smiling Road’ which lets drivers know how safely they are driving. The data is then quantified to …

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EMC Insurance Companies has chosen Octo as a fleet telematics partner for its commercial telematics program, Peak FleetTM

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Octo Telematics announced today that EMC Insurance Companies has chosen Octo as a fleet telematics partner for its commercial telematics program, Peak FleetTM. Octo Telematics will provide the full platform and accompanying services for the insurer’s fleet telematics program to promote safer driving and maximize fleet performance. According to a …

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Liberty Videocon General Insurance to offer user based insurance

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Liberty Videocon General Insurance is to launch a new telematics project to track user behaviour. In a pay-as-you-drive concept, this will allow policyholders to get better pricing on their insurance policy if they exhibit good driving skills. Liberty Videocon had made an attempt to launch a telematics project in 2013 …

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