telematics News

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 …

Making the Economics of Telematics Work for Insurers

The crossroads of auto insurance these days is telematics, the use of an electronic device to monitor how an automobile is being driven. The device monitors where a car is and how it is being driven, and, in theory, should …

MAPFRE | Commerce Insurance Launches Telematics Program in Massachusetts

MAPFRE | Commerce Insurance has launched its DriveAdvisorProgram in Massachusetts. The new program will allow eligible Massachusetts drivers to receive comprehensive information on driving patterns and overall driving behavior through telematics technology. Participants in the program, which is offered at …

Telematics An Advantage with Driverless Cars, Says Progressive CEO

Progressive Corp. said its technology that tracks driver behavior to set insurance rates will help the company adapt as automated cars take the road. The auto insurer offers a device called Snapshot, which plugs into a vehicle and monitors habits …

Usage-Based Auto Insurance on Road to Becoming Standard Offering

Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto insurance down the road, usage-based insurance (UBI) powered by telematics …

Researchers Question Privacy of Usage-Based Auto Insurance

A study by a handful of university professors in Colorado claims user-based insurance tracking programs installed in millions of vehicles can collect data that shows where drivers are going, unbeknownst to most users of the technology. Professors from the University …

Allstate Says Usage-Based Insurance Delivering Savings to 7 Out of 10

Allstate reports that drivers that are signed up for its usage-based insurance program, Drivewise, will register more than one billion miles driven this month. Allstate also said that Drivewise is launching in Kentucky and Montana this week, making the usage-based …

How U.S. Consumers Feel About Usage-Based Auto Insurance

U.S. drivers are open to purchasing usage-based auto insurance (UBI) policies, or “pay as you drive” insurance, and are even more interested when told their premiums would go down, according to a survey. According Towers Watson, the results of its …