Home / Tag Archives: insurance telematics

Tag Archives: insurance telematics

Telematics, the way forward in insurance

usage-based-car-insurance-

The advent of technology has enabled the possibility of hyper-localization and hyper-targetingof specific audiences in terms of messaging, segmentation, and serviceability. Telematics is an enabler which provides the same opportunity in Motor Insurance ecosystem. It’s a potent tool that helps insurance companies track, assess and modulate offerings and hyper-target underwriting. …

Read More »

Telematics is a paradigm shift for insurers and consumers alike

nino-formal-headshot

Maneesh Prasad, Editor, Smart Automotive & CEO of Telematics Wire explored the horizon of insurance telematics in discussion with Nino, where he gave interesting insights. Q: Congratulations on reaching 5 million connected cars under your Octo umbrella. What numbers do you expect in the next 3 to 4 years? A: …

Read More »

IMS chosen by Amica Mutual Insurance as its partner for an on-demand insurance telematics program

Amica Mutual Insurance Co. Selects IMS to Power On-Demand Auto Insurance Telematics Program (CNW Group/Intelligent Mechatronic Systems Inc.)

Intelligent Mechatronic Systems (IMS) has been chosen by Amica Mutual Insurance Co as its partner for an on-demand insurance telematics program. It is known that Intelligent Mechatronic Systems is connected car and insurance telematics solution provider while Amica Mutual Insurance is an automotive insurer in the United States.  Amica’s upcoming program …

Read More »

LexisNexis Risk Solutions and Modus announce new alliance

LexisNexis Risk Solutions and Modus have announced new alliance which provides insurers more options in after-market solutions to gather data and apply advanced analytics in developing and managing their UBI programs. It is known that LexisNexis Risk Solutions is a provider of data and analytics in insurance telematics, and Modus, …

Read More »

AXA Affin launches Malaysia’s first telematics-based motor insurance

AXA Affin General Insurance Bhd has launched AXA FlexiDrive which is Malaysia’s first telematics-based motor insurance. It uses a special tracking device installed in the vehicles along with a mobile App. This helps the drivers and the insurance company to better understand the driving behavior. The company offers discounts of …

Read More »

Octo Telematics announces milestone of five million cars connected worldwide

Octo_Telematics-Wire-logo

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 …

Read More »

Smart Car solution launched by Singtel and AXA

Modus-AXA-Singtel-t'wire2

Singtel and AXA Insurance has launched Singapore’s first smart car solution aimed at promoting better and safer driving habits. The solution, comprising a Modus smart car device and cloud-based smart car application, analyses driving patterns through a vehicle’s On-Board Diagnostic (OBD) port. Upon complimentary onsite installation, the Modus device will synchronise with the smart car application on customers’ smartphones over Singtel’s …

Read More »

BIBA teams up with member Marmalade to provide a young driver telematics scheme

Marmalade-biba-t'wire2

The British Insurance Brokers’ Association (BIBA) has teamed up with member Marmalade to provide a young driver telematics scheme. The new scheme will allow BIBA members to increase their share of the growing young driver market by offering competitive average premiums of around £1,300, on average, for 17 – 24 …

Read More »

Acronis partners with Raxel Telematics for adoption of Blockchain technology

raxel-telematics-t'wire2

Acronis has partnered with Raxel Telematics. The new partnership with Raxel Telematics will extend the application of Acronis’ blockchain-based solutions such as Acronis Notary and Acronis ASign to the insurance industry and beyond, giving businesses powerful tools to validate important data. The blockchain technology market is tipped to reach $7.74 …

Read More »

Insurance discount offered by Liberty Mutual Insurance for Volvo owners using advanced safety features

liberty-insurance-twire

Liberty Mutual auto insurance customers who drive a Volvo with active or passive advanced safety features may soon see a discount on their premium through Liberty Mutual’s new TechSafety program. In addition to encouraging the adoption of advanced and autonomous safety features among drivers through savings incentives, Liberty Mutual will …

Read More »