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UBI Solutions

Singapore: Etiqa Insurance launches usage based car insurance ePROTECT sMiles

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Insurance arm of Maybank Group, Etiqa Insurance, has launched an affordable usage-based car insurance ePROTECT sMiles in Singapore, providing 50% premium savings upfront and potentially saving customers close to $500 annually. Following the wider interest and usage of Usage-based insurance (UBI) in Singapore, the launch of ePROTECT sMiles supports the …

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Mitsubishi to connect its vehicles to LexisNexis Telematics Exchange

LexisNexis Risk Solutions and Mitsubishi Motors are working together to promote safer driving and enhance customer ownership experience by allowing its owners to enroll and easily participate in UBI to potentially help lower their insurance premiums and further reduce the cost of vehicle ownership. Shown here: LexisNexis Risk Solutions smart phone app for Mitsubishi vehicle owners provides feedback after a driving event. (PRNewsfoto/LexisNexis Risk Solutions)

Mitsubishi is to become the first auto manufacturer to connect its vehicles directly to the LexisNexis Telematics Exchange. The goal of the proof of concept is to design seamless usage-based insurance (UBI) solutions for Mitsubishi automobile owners and drivers. A vehicle equipped with this technology in its head unit coupled …

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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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Admiral Insurance Facebook account blocked after announcement of firstcarquote plans

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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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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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Amodo parters with Nicigo to extend UBI solution

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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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Zubie Teen – an app for teenage drivers

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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

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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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