User Based Insurance Global News

The PTOLEMUS research team is tracking important user based insurance developments on a daily basis, take a look to see what the latest news is in UBI.

Below, we share some of our key findings, but you can find more in our quarterly UBI dashboard

28 October 2019: ALD announces a new telematics insurance solution in France

ALD Automotive has launched two new services in France at its recent BlueFleet event at the Autodrome of Linas-Montlhéry. ALD Automotive will use driver behaviour data to adjust the insurance premiums of its customers while renewing contracts.

13 September 2019: Vodafone Germany starts to cooperate with Emil to launch mobile telematics insurance

Emil scheduled to launch a pilot in October and offer up to 20% discount through the Vodafone app for consenting customers

13 September 2019: Korean insurance development institute(KIDI) is developing an AI-powered claims management system

The platform is expected to use images from car accidents to estimate the repair cost, improve the insurance claim process and reduce consumer complaints.

22 May 2019: Vivo and Generali launch pay-as-you-drive auto insurance

Brazilian operator Vivo has partnered with Generali Brasil Seguros to market a personalized and flexible monthly car insurance. Through an application, Smart Auto evaluates the driver’s driving style and generates a discount for the contracting of car insurance. The good driver can be rewarded with an up to 30 percent discount on the price of their insurance.

21 May 2019: Customer in the UK are cancelling the insurance policies that they could not afford

Close to 20% of car insurance policies were cancelled in the London area in the past three years.

21 May 2019: Government fleet of California is going to get telematic supply from Geotab

This telematics solution will be available across all states.

20 May 2019: Telematics carriers in the USA have stopped selling users’ location data to aggregators

AT&T, Sprint, T-mobile and Verizon announced they are no longing selling users’ location data to aggregators.

20 May 2019: ERM advanced telematics developed a telematics box(StarLink EV) use for electric vehicles

This device has a backup battery and could analyse driver behaviour and identify accidents.

20 May 2019: Metroline and Turo partner together for a new pay-per-mile programme

40% of Turo’s hosts live in Illinois, California, Washington, Oregon, Virginia, New Jersey, Arizona and Pennsylvania.

18 May 2019: According to a survey of 2,111 motorists who have made a motor insurance claim in last 2 years, 20% of the motorists own a dashcam, and 18% of them used it for their insurance claim.

17 May 2019: Kasko2go’s UBI app can reduce the motor insurance premium up to 50%

This app uses blockchain technology to analyse driver behaviour and in the same time protect the user privacy.

17 May 2019: Motor insurance in Chicago’s cost differ by ZIP code & gender instead of driving record

Homeowners have less premium cost than the renters.

16 May 2019: TrueMotion & Unipol partner together to launch 1st smartphone-only UBI programme

Online motor insurance of Unipol group Linear Assicurazioni is launching the first smartphone-only UBI program BestDriver with TrueMotion.

16 May 2019: Allstate launches a new telematics app in Canada

Allstate is planning to launch its “personalised app for the modern driver” app.

16 May 2019: Cambridge Mobile Telematics’s new report suggests that a majority of Americans would like to have their insurance premiums based on safe driving habits

According to this report, 75% of US drivers prefer lower insurance premiums by safer driving behaviour.