telematics News

Progressive Insurance CEO on 5 Macro Trends of Note

By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view “it’s important to have some views.” Addressing an …

Generali Acquires MyDrive Solutions, a UK Data Analysis Firm

Trieste-based Generali Group announced that it has acquired MyDrive Solutions, a UK company that uses data analytics tools to profile driving behavior. MyDrive Solutions, which was founded in 2010, specializes in identifying innovative and tailor-made products for customers as well …

UK’s Allianz Insurance Aims to Improve Fleet Safety With Telematics Partnership

Allianz Commercial has joined forces with fleet incident management provider FMG, to provide commercial fleet and motor trade customers with the capability to improve driver safety and fleet efficiency. Allianz Commercial is a division of Allianz Insurance, which is based …

Berkley: Google’s Entry Into Auto Insurance Should Frighten Agents

That Google is getting into auto insurance should have the voice in the head of every agent who sells personal auto coverage saying: “Be afraid, be very afraid.” OK, that’s not exactly how W.R. Berkley Corp. CEO William R. Berkley …

Reports Show Insurers Lag Behind in Adopting Technology

At a time when the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind. Some insurers are using developments such as telematics, or social …

P/C Insurers Expanding Use of Predictive Modeling

Property /casualty insurance executives believe that predictive modeling has become an essential or very important driver of improved performance over the past six years and they are broadening their use of the application into new areas of operation, according to …

GM’s OnStar Ready to Offer Progressive’s Usage-Based Insurance

Progressive has partnered with OnStar Corp. to bring its usage-based insurance program, Snapshot, to OnStar customers. Starting this summer, buyers of 2016 and most 2015 General Motors vehicles will have the option to have their driving data gathered by the …

Thinking About Usage Based Insurance? Get Real Life Experience Advice in Boston and Los Angeles

Seminar for insurance carrier professionals will offer frank insights and experiences on developing a successful UBI program Scottsdale, AZ, October 6, 2014: We’ve all seen the statistics. Telematics and UBI are exploding at an exponential rate. From 1.85 million insured …

Reinsurance Rendez-Vous: Data Tools Help Identify Risks

Insurance companies are increasingly turning to “big data” from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles, according to reinsurers attending the annual Monte Carlo Reinsurance Rendez-vous this week. …

Usage-Based Insurance Luncheon Series | Lessons Learned From a Telematics Launch

Unique luncheon series offers frank insights and experiences on developing a successful UBI program Scottsdale, AZ, September 10, 2014 – We’ve all seen the statistics. Telematics and UBI are exploding at an exponential rate. From 1.85 million insured enrolled in …