- Twitter 24May
RT @AurelienBigo: Evolution 1960-2017 des voitures neuves en France : ➡️ Poids +62 % ➡️ Puissance +192 % ➡️ Vitesse max +43 % ➡️ ...
- Twitter 05May
RT @DeccanChronicle: Big bets are being placed on automated driving by both major #technology companies, such as #Google spinoff #Waymo ...
- Twitter 01May
RT @ridecell: In the global debate around access to #data from #connectedcars, a wide range of opinions exist. After several ...
- Twitter 28Apr
RT @bfm_eco: Édouard Philippe "Dès lors qu'une personne aura été testée positive, nous engagerons un travail d'identification de tous les ...
- Twitter 28Apr
Why we need contact tracing apps #COVID #coronavirus https://t.co/FvRPgszqRV… ...
User Based Insurance Global News
The PTOLEMUS research team is tracking important usage-based insurance(UBI) developments on a daily basis, take a look to see what the latest news is in UBI.
You can find more in our quarterly UBI dashboard
IMS, a subsidiary of Trak Global Group (TGG) announced a product that enables the implementation of a mileage-based usage-based insurance product for North American insurers. IMS is expediting the release based on mileage and pay as you drive principles to help insurers emerge with more data and digital-oriented means to assess risk for drivers.
DriveQuant has launched its library of driving analytics services, DriveKit. DriveKit includes several SDK and API modules to transform any mobile app into a telematics and driver coaching device.
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a hike in compulsory third-party motor insurance premiums, for the financial year 2020-2021. The exact increase varies by the category of the vehicle.
N2G will exclusively promote, distribute and administer insurance solutions for multi-national exposures on behalf of both organizations. Business to N2G will be sourced through independent agents, brokers and wholesalers. Nationwide will assume U.S. risk exposures and Generali (directly or through its partners) will assume non-U.S. exposures.
Metromile has announced that Tokio Marine Group has deployed its product Metromile REPORT, across its $13 billion auto insurance book. Tokio Marine Group expects the product to improve customer claims, as customers can easily report accidents online and through an app.
kasko2go, an eco-system provider that uses AI and telematics big data assessments, has partnered with general insurer die Bayerische with plans to launch usage-based insurance in Germany, following the successful launch with Dextra, a subsidiary of die Bayerische. The product gives discounts of up to 50% on traditional car insurance, where premiums are calculated based on mileage and safe driving.
Avis has entered an agreement with Fiat Chrysler Automobiles (FCA) to connect more than 22,000 Fiat vehicles from Avis Budget Group in Europe. Telemetry data from the connected vehicles will be gathered in real-time, including mileage, fuel level, and updates on the mechanical condition of the car. Avis Budget Group’s fleet managers can also process information more readily, improving their operations.
ERGO launched a new telematics insurance proposition, Safe Drive. Consenting drivers are provided with an upfront discount of 10% along with a provision to get good driving habits rewarded with further discounts.
13 January 2020: Cambridge Mobile Telematics announced the launch of Claims Studio
CMT claims that Claims Studio, will speed up claim processing times and streamline the accident reporting system. It uses the existing telematics technology to automatically write narrative accident reports when it detects a crash. Insurers thus spend less time collecting information from drivers and third parties, and more time confirming facts and accurately assessing loss.
Insurer HDI and telematics service provider Vodafone have partnered to create HDI Insieme, a telematic policy that offers greater protection to motorists through the evaluation of driving style and vehicle usage. HDI Insieme utilises Vodafone Automotive’s on-board telematics technologies and comes with a dedicated app for users.
Cristo is an app by Smartsurance, providing pay-as-you-drive insurance to the Hungarian market. Smartsurance aims to use modern technology to simplify, speed up insurance and claim settlement, and promise fairer operation thanks to the Pay As You Drive principle, using a telematics tool.
The Nebula Systems diagnostic solution grants deep access to vehicle data which gives OCTO the flexibility and ease of access to by using a unique VIN-specific configuration. This could have a substantial impact on fleet managers using the OCTO Fleet Telematics solution.
A pilot has been set up to evaluate the current point system for traffic violations implemented by states and evolve standard point system considering each traffic violations the system of ‘pay as you drive’ and ‘pay how you drive’ covers based on data gathered from the insured vehicle and its driver — for motor vehicles.
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.
Coloride will provide real-time driver warnings based on Pioneer’s map data and ADAS algorithms. The product can also be extended to a range of devices that collect acceleration data to identify and reconstruct an accident. Some of the devices feature an emergency button, which allows a driver to call for support following a traffic accident.
Emil scheduled to launch a pilot in October and offer up to 20% discount through the Vodafone app for consenting customers
The platform is expected to use images from car accidents to estimate the repair cost, improve the insurance claim process and reduce consumer complaints.
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.
Close to 20% of car insurance policies were cancelled in the London area in the past three years.
This telematics solution will be available across all states.
AT&T, Sprint, T-mobile and Verizon announced they are no longing selling users’ location data to aggregators.
This device has a backup battery and could analyse driver behaviour and identify accidents.
40% of Turo’s hosts live in Illinois, California, Washington, Oregon, Virginia, New Jersey, Arizona and Pennsylvania.
This app uses blockchain technology to analyse driver behaviour and in the same time protect the user privacy.
Homeowners have less premium cost than the renters.
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.
According to this report, 75% of US drivers prefer lower insurance premiums by safer driving behaviour.