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Insurance Telematics

CarVi to begin shipping its ADAS equipment

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Published: 26 October 2016 CarVi will soon begin shipping its ADAS to Indiegogo backers.  From November, the device will be available in retail. Last year, CarVi ran a successful campaign on the crowdfunding platform Indiegogo, raising over $100,000. In spring, the company also secured Series A funding from Samsung Venture Investment, …

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Insurance Telematics: Insure The Box detects fraudulent claims

Insure The Box

Published :21 October 2016 Insure The box, a telematics based car insurance company was successful in saving as much as £50,000 as it could detect and reject fraudulent claims. Company had used telematics data for the first time in 2014 when it was able to bust a false claim resulting …

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Amodo parters with Nicigo to extend UBI solution

NIcigo

Published : 20 October 2016 Hangzhou Nicigo Technology Co.  and Amodo has developed a state-of-art driver behaviour profiling and Usage Based Insurance (UBI) platform with particular focus on as customer engagement capabilities. Both companies are well involved in the insurance telematics space.The purpose of the announced partnership is to integrate …

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Octo Telematics releases new mobile and in-vehicle solutions

Octo Telematics

Published: 19 October 2016 Octo Telematics has released a suite of products for connected cars both in-vehicle solutions and mobile solutions via Octo Glimpse, Octo Vantage and Octo Surround. Telematics is becoming an important factor in the determination of insurance premium pricing and services. Telematics data provides insurers with details …

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NTUC introduces telematics insurance in Singapore

NTUC

Published: 10 October 2016 NTUC Income (“Income”), Singapore’s leading composite insurer, has introduced two innovative motor insurance schemes – Drive Master and FlexiMileage – which allow private car owners to influence what they would pay for motor insurance premiums based on their driving behaviours. With the advancement of telematics technology, …

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Is Tesla venturing into the insurance business?

Tesla

Published: 12 September 2016 Reading some of the news which has been in circulation, and some of them quoting electrek as source, it seems Tesla would be rolling out insurance service. According to Autoblog: “Tesla is apparently working with AXA General Insurance in Hong Kong, and with QBE Insurance in …

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Zubie Teen – an app for teenage drivers

Zubie

Published: 12 September 2016 Zubie Teen is the app designed exclusively for Teen Drivers, giving them insights into their own driving behavior, trip activity, and even vehicle health status. Zubie Teen App along with Zubie’s overall turnkey UBI solution – provides in-depth data for insurance underwriting and claims management purposes. …

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Generali and Progressive announce telematics R&D agreement

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Published: September 08, 2016 | Italy & Ohio The Generali Group and The Progressive Group of Insurance Companies, among the world leaders in car insurance telematics, entered into an R&D collaboration to improve their individual data analytics capabilities and foster product offering. The two groups will share knowledge in telematics …

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Octo Telematics rewards eligible drivers with AXA Insurance and LV=Broker

Octo Telematics

Published: September 06, 2016 | London, UK Octo Telematics has recently added four insurers to its free smartphone driving app Octo U through IGO4 Partners, offering users the opportunity to receive the best from a range of competitive quotes to reward good driving. The insurer panel of four includes AXA …

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Japan: Cambridge Mobile Telematics forms joint venture with Aioi Nissay Dowa Insurance

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Published: August 31, 2016  Aioi Nissay Dowa Insurance (ADI), a global insurance company, designed to bring a behavior-based telematics program to Japan has extended a strategic partnership with Cambridge Mobile Telematics (CMT), a leading telematics technology provider. The two companies are eyeing a bigger market share with this collaboration and expand …

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