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Tag Archives: Usage_Based_Insurance

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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EXCLUSIVE: The spotlight falls on In-car Infotainment and Usage Based Insurance at Connected Vehicles 2015

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Published: January 28, 2015 | New Delhi, India Automotive OEMs, Tier-1s, System Integrators, Semiconductor, Insurers and Telecom converged at India’s maiden Connected Vehicle conference Telematics Wire hosted the first edition of its B2B conference & exhibition, Connected Vehicles 2015 on 21st January in Hotel Hilton, Chennai. The conference saw over …

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AIPS on predictive models for UBI data:All Roads Do NOT Lead to Rome

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“Most insurance carriers don’t know exactly what data builds the best UBI predictive models, and focusing on the wrong data can create misrepresentations of driving behavior and lead to false positives. Unfortunately, you won’t know that you have the wrong data until some years later when you find out that …

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Economical Mutual Insurance chose to discontinue the Usage Based Insurance(UBI) services

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Published: June 26, 2014 | Canada Economical Mutual Insurance Company has chosen not to  move forward with telematics and usage-based insurance (UBI) at this time in light owing to the quickly changing technology and as-yet unidentified factors that will ultimately drive adoption.  “We’re not pushing it forward at this time …

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Usage Based Insurance – Big Data renovating the auto insurance sector

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Published: June 2, 2014 The car insurance industry is on the brink of an intense change that will effectively manage claim costs, enhance pricing style, improve profitability, and differentiate policyholder products and services. Additionally there is an opportunity to improve the driving style and reduce accident frequency and severity. Usage-based …

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