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UBI Solutions

UBI Solutions

Global Usage-Based Insurance expected to grow to 142 million subscribers by 2023


Published: May 11, 2016 | Michigan, United States Usage-based auto insurance (UBI) is a growing segment of the automotive insurance market, the result of a technological revolution as the Internet of Things (IoT) continues to further influence various industries, including automotive. In 2015, close to 12 million consumers globally subscribed …

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Insurers warn drivers to stay secure from autonomous cars


Published: May 4, 2016 Drivers need to understand their responsibilities behind the wheel as advances in technology mean cars can do more and more independently, the Association of British Insurers (ABI) has recently warned. The arrival of automated vehicles will transform the way we drive, reducing both congestion and crashes, …

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Allianz Deutschland to use IMS DriveSync 5 for its UBI offering BonusDrive


Published: April 28, 2016 | Ontario, Canada Intelligent Mechatronic Systems (IMS), a connected car and usage based insurance (UBI) solution provider, has announced that Allianz Deutschland, one of Germany’s auto insurers, has deployed DriveSync 5 for their mobile UBI offering, BonusDrive. Allianz BonusDrive is powered by IMS’ DriveSync connected car platform …

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Chunghwa Telecom developing UBI solution

Chunghwa Telecom

Published: April 19, 2016 | Taipei, Taiwan Chunghwa Telecom (CHT) is developing a UBI (usage-based insurance) solution, that utilizes Big Data analysis of driving behavior to produce a reference for setting insurance premiums, through cooperation with security service provider Taiwan Fire & Marine Insurance. CHT has finished development of Driving …

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Toyota & Aioi Nissay collaborate in a US venture for usage-based car insurance


Published: April 13, 2016 | Toyota City, Japan The United States subsidiaries of Aioi Nissay Dowa Insurance Co., Ltd. (AD) and Toyota Motor Corporation (TMC) established the jointly owned telematics car insurance services company Toyota Insurance Management Solutions USA, LLC (TIMS), on April 1. In Southern California, near TFS U.S. …

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LexisNexis provides driver behaviour telematics app for Nationwide’s SmartRide UBI program


Published: March 25, 2016 | Atlanta, GA LexisNexis Risk Solutions announced that Nationwide, one of the largest US insurance and financial services companies, has selected the company to deliver the insurer’s telematics program, SmartRide Mobile. This UBI program provides discounts for safe driving for members who choose to participate. All …

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Discovery Insure uses Novatel’s Ctrack for its UBI solution

Discovery Insure

March 1, 2016 | Johannesburg, San Diego Discovery Insure, a property and casualty insurance company in South Africa, uses telematics data with incentives, to encourage better, safer driving. Insurance savings generated by better drivers having fewer and less severe accidents fund client rewards which reduce the cost of insurance. As …

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ZTEWelink’s insurance hardware for Octo Telematics


Published: February 25,2016| MWC 2016 ZTEWelink Technology will provide UBI hardware to Octo Telematics. ZTEWelink UBI hardware is modular and scalable at hardware and firmware level. It can be customised to various product form factors from the same basic elements, and a combination of options. The new OBU architecture will provide OBU fundamental …

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Malaysia: Telematics “black boxes” aren’t consistent with SPAD’s public transport policies


Published: January 31, 2016 | Kuala Lumpur The Suruhanjaya Pengangkutan Awam Darat (SPAD), better known as Land Public Transport Commission, is worried about the new Malaysian Motor Insurance Pool (MMIP) policy which mandates the use of telematics devices in public buses. SPAD chief executive officer Mohd Azharuddin Mat Sah said, …

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Octo Telematics surpassed 4 million connected users globally

Octo Telematics

Published: January 27, 2016 | London Octo Telematics, which claims to own 36% of market share in terms of active insurance telematics policies, have reached a milestone of four million connected users on the roads globally.  This announcement comes following a year of new landmark partnerships for Octo, with IBM and …

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