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Tag Archives: insurance_telematics

Octo releases Glimpse Plus telematics service for insurers to gather accurate data on driving behavior & more


Octo Telematics, has released Glimpse Plus, a cutting-edge, digitally-enabled telematics service that provides a reliable way for insurers to gather accurate data on driving behavior, as well as more detailed crash detection and claims analysis. The solution also enables consumers to use their smartphone to monitor their driving habits and …

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IRDAI asks insurers to send views on implementing telematics

IRDAI, the insurance regulator in India has put out a draft report on telematics. The regulator has asked the insurers to send their views on implementing technology and revisiting the pricing methodology. The insurers have also been told to look at alternatives to conventional telematics devices like smartphones with mobile …

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LexisNexis Global Telematics introduces multi-language capability in its platform

LexisNexis Global Telematics has introduced multi-language capability in its platform. Global insurers expanding their telematics propositions into new territories can now take advantage of this capability of the LexisNexis Global Telematics Platform from insurance data analytics and telematics leader LexisNexis Risk Solutions. The new multi-language capability has the ability to …

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Mitsubishi to connect its vehicles to LexisNexis Telematics Exchange

LexisNexis Risk Solutions and Mitsubishi Motors are working together to promote safer driving and enhance customer ownership experience by allowing its owners to enroll and easily participate in UBI to potentially help lower their insurance premiums and further reduce the cost of vehicle ownership. Shown here: LexisNexis Risk Solutions smart phone app for Mitsubishi vehicle owners provides feedback after a driving event. (PRNewsfoto/LexisNexis Risk Solutions)

Mitsubishi is to become the first auto manufacturer to connect its vehicles directly to the LexisNexis Telematics Exchange. The goal of the proof of concept is to design seamless usage-based insurance (UBI) solutions for Mitsubishi automobile owners and drivers. A vehicle equipped with this technology in its head unit coupled …

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Insurance Telematics: Insure The Box detects fraudulent claims

Insure The Box

Published :21 October 2016 Insure The box, a telematics based car insurance company was successful in saving as much as £50,000 as it could detect and reject fraudulent claims. Company had used telematics data for the first time in 2014 when it was able to bust a false claim resulting …

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Wunelli to introduce insurance telematics products with Vodafone


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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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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Global insurance telematics market expected to grow to US$2.21 billion in 2020


The global insurance telematics market size is expected to grow from US$857.2 million in 2015 to US$2.21 billion in 2020, at a compound annual growth rate (CAGR) of 20.9%, according to a report by ReportLinker. Consumers’ enthusiasm for in-car connectivity and growth of smartphone penetration in the insurance and automobile …

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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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323,000 insurance telematics policies are live in UK: British Insurance Brokers’ Association


Published: May 27, 2015 | UK A newly commissioned report by British insurance Brokers’ Association (BIBA) shows a nine per cent increase in the number of live ‘black box’ telematics motor insurance policies. These types of policies can offer savings of up to 25% for careful drivers. In particular, young …

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