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UBI Solutions

UBI Solutions

MSIG Insurance initiates a UBI pilot in Singapore in collaboration with CSE Telematics

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Published: January 18, 2016 | Singapore Safe drivers in Singapore may soon be rewarded with lower motor insurance premiums if Usage-Based Insurance (UBI) becomes widely accepted. UBI is a program where drivers allow their driving data to be shared with insurance companies who will review the driver’s eligibility for discounts …

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Automotive data company Lichengbao launches UBI app for small motor insurers

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Published: December 15, 2015 | Nanjing Auto data service company Lichengbao has partnered with smaller insurers in launching the country’s first usage-based insurance (UBI). By launching China’s first UBI program, Lichengbao aims to provide fair premium to drivers and help the smaller companies. Different from the auto insurance that charges …

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TeliaSonera unveils cloud-based connected vehicle solutions for Nordic and Baltic countries

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Published: November 19, 2015 | Sweden TeliaSonera is introducing a cloud based solution enabling high end car features for the cars of today and tomorrow. Together with partners from the automotive and insurance industries, a combination of car control functionalities, high performance connectivity and value added services will be made …

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AllState to provide “Driver Safety Ratings” for auto customers through insurance telematics data

Published: November 05, 2015 | Northbrook, IL Allstate Insurance Co. is drawing up plans for driver safety ratings based on data transmitted from customers’ vehicles. According to patent applications recently filed with the U.S. Patent & Trademark Office, Allstate’s scoring system would take into account speed laws, road signs, traffic …

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Octo Telematics to provide UBI services to GM Onstar customers

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Published: November 04, 2015 | Detroit, MI Octo Telematics has partnered with General Motors (GM) to provide Usage Based Insurance (UBI) and fleet management solutions using General Motor’s OnStar technology. The new services will be available to insurers and fleet providers across Europe starting in Q2 2016. The company’s partnership …

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AllState: Canadians are unclear about the benefits of in-vehicle telematics devices for UBI programs

Published: September 30, 2015| Toronto, Canada Allstate Canada survey finds misconceptions on advanced auto insurance options may deter Canadians from taking advantage of their potential benefits Many Canadians have embraced new automotive technology offerings because of perceived benefits, but when it comes to modernized auto insurance programs such as usage-based …

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Mahindra: It’s just a matter of time that connected cars will become a mainstream in India

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It would not be an overstatement to say that the Indian telematics industry has reached its watershed moment. The combination of changing Indian macro and micro economic, political and business scenarios has given the impetus for embracing this technology, with more and more OEMs and after market players trying to …

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Octo Telematics launches “Octo Ride V2” for motorcyclists

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Published: September 15, 2015 | Italy Octo Telematics presented its latest telematics device for motorcyclists, Octo Rider 2V, at the San Marino MotoGP in Italy over the weekend. Octo Rider 2V, which is the first video recording system conceived for motorcycles and scooters, will safeguard motorcyclists by providing them with …

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Towers Watson: Young drivers are leading the charge for UBI programs

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Published: September 12, 2015 | Canada Millennials now outnumber Baby Boomers in the U.S. and are far more diverse, according to the U.S. Census Bureau. The buying behaviors and expectations of this rising demographic will require a complete rethink by both auto insurers and car manufacturers. Companies that are not …

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Consumers want UBI programs to be focused more on safe driving than premium discounts: Lexis Nexis Study

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Published: September 10, 2015 | United States Insurers heavily rely on base car insurance quotes and on factors that associates risk including all the different aspects of driving such as driving record, credit history, age, vehicle, claims history and the users driving pattern. Also, with the advancement of technology major …

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