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Value-Added Services

Verisk Insurance Solutions aligns with IMS’s DriveSync connected-car technology

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Published: June 18, 2015 | Jersey City, N.J., United States Verisk Insurance Solutions announced a new strategic alliance with global connected-car company Intelligent Mechatronic Systems Inc. (IMS), a provider of comprehensive insurance telematics services. Verisk Insurance Solutions is a Verisk Analytics business. Backed by sophisticated telematics models filed in most …

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Try&Drive: Octo Telematics and Rockingham Group’s newly launched teen driver program

Octo Telematics

Published: May 5, 2015 | Newton, MA Octo Telematics today announced the release of their “Try&Drive” platform to enable small and medium sized insurance companies to quickly create a compelling and successful telematics program. In addition, the Rockingham Group has signed on as the first partner, using Try&Drive to build an …

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San Francisco start-up on smartphone-based telematics models

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Can phones make us better drivers?   The World Health Organization estimates that there are 1.24 million road traffic deaths every year. Put another way, someone’s dying in a traffic accident every 25 seconds. And with a growing percentage of those accidents caused by driver distraction due to cell phone …

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msg launches “Telematics Analyzer” for motor insurers to give them insightful data analytics

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Published: April 14, 2015 | London, UK msg global released  Telematics Analyzer— a software solution that enables the collection, analysis and scoring calculation of telematics-based driving data. Telematics Analyzer includes a scoring engine that gives actuaries the ability to develop bespoke scoring programs, as well as access and transparency to policyholders who …

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80% drivers think charging premium rates per actual driving behavior is fairer approach: Progressive Survey

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Published:  April 14, 2015 | Mayfield Village, OH “People are angry that they’re paying more for insurance because of the bad driving habits of other people, and they have every right to be – it’s just not fair” Progressive Chief Marketing Officer Jeff Charney A survey of 500 consumers conducted …

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OpenBay improves CRM using vehicle telematics, sends data to repair shops

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Published: April 01, 2015 | NY International Automotive Show (NYIAS), US Openbay, the online marketplace for auto repair, launched OpenbayConnect, a first-of-its-kind platform that leverages connected-car technology to remotely diagnose automotive vehicle problems and deliver competitive repair quotes to consumers from local mechanics. Consumers benefit with OpenbayConnect and Openbay by …

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Progressive incorporates additional surcharge in its Snapshot for bad drivers

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Published: April 01, 2015 | Mayfield, OH Progressive announced that it is going to levy a surcharge on drivers they deem “bad” or aggressive via their Snapshot device. Currently the change is effective only in Missouri and affects only new participants but it will likely to be rolled out to additional …

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Octo Telematics Crash 2.0 program readies for launch

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Published: March 23, 2015 | London, UK Octo Telematics announced that Octo’s new Crash 2.0 solution, has reached significant milestones in the course of its development. The development of Crash 2.0 has been undertaken in conjunction with the University of Rome La Sapienza Department of Mechanical and Aerospace Engineering, who are …

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ATG & Vehicle Data Science recieves federal grant from US DOT to drive innovation in UBI

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Published: February 21, 2015 | Seattle, WA Two leaders in data collection and analysis for transportation applications receive federal grant to validate driving scoring models and create a transparent scoring system ATG Risk Solutions (ATG) and Vehicle Data Science Corp. (VDS) jointly announced today they have been awarded a Small …

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