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Tag Archives: Telematics insurance

Toyota and Aioi Nissay Dowa Insurance jointly bring telematics insurance product

toyota-telematicswire-insurance

Toyota and Aioi Nissay Dowa Insurance have jointly developed Japan’s first driving behavior-based telematics automobile insurance. The plan is available to owners of certain units of Toyota connected cars and uses driving data gathered via telematics technologies to adjust insurance premiums based on the level of safe driving every month. …

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Liberty Videocon General Insurance to offer user based insurance

Liberty-videocon2-T'wire

Liberty Videocon General Insurance is to launch a new telematics project to track user behaviour. In a pay-as-you-drive concept, this will allow policyholders to get better pricing on their insurance policy if they exhibit good driving skills. Liberty Videocon had made an attempt to launch a telematics project in 2013 …

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O2 Drive – car insurance policy, exclusive perks, discounted car servicing and maintenance

O2-T'wire

O2 has become the first mobile company in the UK to offer car insurance with the launch of its O2 Drive proposition, along with additional telematics proposition O2 Drive – Box on Board, which helps responsible young drivers get on the road. O2 Drive, in partnership with Junction, BGL Group’s …

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Liberty Mutual announces expansion of personalized insurance offerings

liberty-insurance-twire

Liberty Mutual has announced an expansion of personalized insurance offerings providing additional value to existing and new customers.  These new products use innovative technology to help you become a better, safer driver and ultimately worry less on the road. Safe driving meets gamification with Liberty Mutual’s new, free HighwayHero app. …

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Octo Link Program to connect insurers and consumers

Octo_Telematics-Wire-logo

Published: 16 November 2016 Octo Telematics has launched The Octo Link Program. The Link Program provides a cross industry platform for simple and secure sharing of driver telematics data, enabling direct communications between the two parties. The Link services are based on driver scoring and contextualised risk analytics collected by Octo …

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Toyota to diversify into telematics services and insurance

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Published: 02 November 2016 Toyota Motor Corporation will establish a Mobility Services Platform (MSPF) to collaborate with various service providers, as well as telematics insurance.  Based on the proliferation and popularity of mobility services, like car-sharing; the MSPF will have various functions to support mobility services, and leverage the Toyota …

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NTUC introduces telematics insurance in Singapore

NTUC

Published: 10 October 2016 NTUC Income (“Income”), Singapore’s leading composite insurer, has introduced two innovative motor insurance schemes – Drive Master and FlexiMileage – which allow private car owners to influence what they would pay for motor insurance premiums based on their driving behaviours. With the advancement of telematics technology, …

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LexisNexis launches contextual insurance telematics model in US

Lexis Nexis

Published: February 26, 2016| Atlanta LexisNexis® Risk Solutions announced a new LexisNexis Attract for Telematics. The insurance model intends to use geospatial context to driving events for better understanding of how drivers respond in different situations. ‘Attract for Telematics’ is also specifically designed to provide predictive lift, in addition to and …

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OEM involvement to create huge shift in Telematics-Insurance value chain: Forst & Sullivan

Frost & Sullivan

USA: According to a recent report from Frost and Sullivan, Telematics-based insurance originally started as a niche experimental effort by a selected number of insurance companies in 2008. Since then, it has become a mainstream offer for insurance companies in the U.S. and certain European markets. Furthermore, there is a …

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Telematics insurance can curb car accidents

UK: The latest research by Co-operative Insurance states that adopting telematics insurance can curb vehicle accidents on the road. The research has revealed that motorists with such black box installed in cars to monitor speed and other factors are 20 per cent less likely to get into a vehicle collision. …

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