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Insurance Telematics

More than 750,000 live Telematics based policies in UK


The British Insurance Brokers’ Association (BIBA) conducts annual research into the number of telematics policies live in the UK and in 2016 the number exceeded three quarters of a million for the first time. The BIBA survey includes information from the leading telematics brands in the UK to determine the …

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Liberty Mutual announces expansion of personalized insurance offerings


Liberty Mutual has announced an expansion of personalized insurance offerings providing additional value to existing and new customers.  These new products use innovative technology to help you become a better, safer driver and ultimately worry less on the road. Safe driving meets gamification with Liberty Mutual’s new, free HighwayHero app. …

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Octo Telematics acquires TRS for € 7 million

Octo Telematics

Octo Telematics (Octo) has announced its acquisition of the Mobility Solutions business of Tecnologienelle Retienei Sistemi T.R.S. S.p.A (TRS), for €7m in cash. Octo provides a full suite of solutions for motor insurers and fleet managers,connecting over 4.6 million users globally. By integrating Mobility Solutions into its current portfolio, Octo …

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Usage-based Insurance market expected to garner $123 billion by 2022

Allied Market Research

Latest report based on title “Usage-Based Insurance Market” published by Allied Market Research, states that the market is expected to garner $123 billion by 2022, growing at a CAGR of 36.4% from 2016 to 2022. North America is expected to grow at the fastest pace during the forecast period, owing to …

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Autonomous cars must share crash data if something goes wrong: ABI


Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed if technology goes wrong, the Association of British Insurers (ABI) has mandated. British insurers are leading efforts to have a standard set of data agreed at an international level which …

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Octo Link Program to connect insurers and consumers


Published: 16 November 2016 Octo Telematics has launched The Octo Link Program. The Link Program provides a cross industry platform for simple and secure sharing of driver telematics data, enabling direct communications between the two parties. The Link services are based on driver scoring and contextualised risk analytics collected by Octo …

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Admiral Insurance Facebook account blocked after announcement of firstcarquote plans


Published: 03 November 2016 Admiral made an announcement that it would use data from consenting Facebook users to predict their driving attributes. Right after this announcement, Facebook blocked Admiral’s account, thereby ruining their plans. The scheme was already running in beta and was due to launch fully this week, but …

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Octo Drone Box- telematics solution for drones


Published: 03 November 2016 Octo Telematics has launched Octo Drone Box, the first telematics solution for business and leisure drones, providing real-time data transmission to the Octo Data Centre through 4G connectivity. As well as providing valuable data for drone management in terms of crashes, maintenance and air traffic control, …

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Toyota to diversify into telematics services and insurance


Published: 02 November 2016 Toyota Motor Corporation will establish a Mobility Services Platform (MSPF) to collaborate with various service providers, as well as telematics insurance.  Based on the proliferation and popularity of mobility services, like car-sharing; the MSPF will have various functions to support mobility services, and leverage the Toyota …

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