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Octo Telematics joins initiative for tax relief on telematics for younger drivers

Octo Telematics

Published: August 11, 2016 | London, UK Octo Telematics has recently joined growing calls for the government to improve road safety and offer Insurance Premium Tax relief (IPT) on telematics insurance products for drivers under 25 years old. Brake, the road safety charity, also said it supported incentives and rewards for drivers …

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Functionality of UBI business model: PTOLEMUS

Thomas-photo-web

Thomas Hallauer, research director and Justin Hamilton, Business Analyst at PTOLEMUS consulting group, analyses the impact of the recent announcements on the insurance sector. In the process he shares some insights and results from the new Connected Mobility Global Forecast which details the 14 markets exploding thanks to telematics technology. …

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Wunelli to introduce insurance telematics products with Vodafone

Wunelli_Telematics_Wire_logo

Published: August 04, 2016  Wunelli has recently selected Vodafone as one of its chosen suppliers for insurance telematics products. Wunelli presently provides a complete end-to-end telematics solution to enable insurers and brokers to offer telematics-based motor insurance products. With predictions that by 2020 nearly 100 million vehicles globally will be insured …

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Drivers asking to link insurance premiums with driving behaviour

Wunelli_Telematics_Wire_logo

Published: July 19, 2016 | London, UK Insurers should offer lower premiums to motorists who don’t use their mobiles at the wheel say 60% of respondents with women drivers likely to benefit the most Demonstrating a growing intolerance of mobile phone use at the wheel, a survey of 1314 motor …

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Autonomous cars driving the market for new insurance services in UBI

ABIresearch-Logo

Published: July 14, 2016 | London, UK According to a new report published by ABI Research, while the advent of autonomous driving threatens to negatively impact the automotive insurance market, it can also innovate. Autonomous technologies present opportunities for new insurance services, particularly in relation to Usage Based Insurance (UBI). …

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Insurance telematics projects strong growth in Europe & North America

Berg Insight

Published: June 20, 2016 The introduction of telematics technology in the context of automotive insurance is commonly referred to as usage based insurance (UBI) or insurance telematics. Solutions of this type generally enable automotive insurers to improve pricing mechanisms based on actual driving data, gain better control of claims and differentiate their offerings to …

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CSC expands digital insurance services with UBI solution

CSC_Logo_Telematics_Wire

Published: June 14, 2016 | Tysons, US CSC has launched a new usage-based insurance (UBI) and telematics offering to help insurers price new products based on driving behaviors. The offering incorporates digital claims, policy administration and underwriting solutions with driver profile software from Scope Technologies. The result is a telematics-based offering that will …

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UBI to drive insurance IT spending in US

Research and Markets

Published: May 24, 2016 | Dublin, US The insurance industry in the Americas is highly competitive and regulated in nature. The insurance market in the US is influenced by economic and political conditions of the country. GDP is one of the major factors that can influence the growth rate of …

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UBI on a rise globally, Canada catching up

Shop Insurance Canada

Published: May 23, 2016 Usage-based auto insurance (UBI) is expected to grow exponentially over the next decade. IHS Automotive says that there will be 142 million global consumers using UBI coverage by 2023, in a study called Auto Tech Report – Usage Based Insurance (UBI). Explanatory by its name, Usage-based …

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Grab and AXA launch first Usage-Based Insurance for private-hire car drivers

AXA Insurance

Published: May 13, 2016 | Singapore Grab and AXA Insurance Singapore have recently launched Southeast Asia’s first usage-based commercial motor insurance for private-hire car drivers. The AXA Pay-As-You-Grab (AXA PAYG) policy enables drivers to pay insurance premiums calculated on a ‘per kilometre’ basis, saving up to 30 per cent off …

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