Latest Telematics Headlines
All the headlines from our Telematics Topic Page, ordered by recency.
Why Current Cyber Risk Management Techniques Are Inadequate
May 18 2020 // Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains poor, and overstated...
Just in California Announces Telematics Product for Low-Income Drivers
Mar 27 2020 // Los Angeles, Calif.-based Just Auto Insurance Inc. has launched a telematics-based auto insurance for lower income consumers. Just’s pricing model is based on an in-house telematics model, which uses data from more...
Toyota to Offer Nationwide’s Auto Insurance Product with Telematics
Feb 26 2020 // Toyota car owners can buy insurance that promises them up to 40 percent savings for safe driving. Toyota Insurance Management Solutions (TIMS) has teamed up with Nationwide to launch what they are calling TIMS BrightDrive,...
Usage-Based Insurance Pioneer Metromile Now Offering Its Technology as Claims Tool
Feb 20 2020 // Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced that...
Accident Reports Now Ready Minutes After Crash on Smartphone, Says Telematics Firm
Jan 10 2020 // The company that helped make driver safety monitoring ubiquitous among auto insurers is now offering a product that can write accident reports within minutes of a crash. Cambridge Mobile Telematics (CMT) announced the...
How Brokers Influence Specialty Insurance Product Innovation
Nov 13 2019 // In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects...
Managing Liability from Electronic Logging Devices on Commercial Vehicles
Nov 4 2019 // Operating commercial vehicles, whether as a single driver or the owner of a fleet, carries with it significant liability. And, risks are only increasing. The commercial automobile insurance line has been a loss leader...
Swiss Re and Pioneer to Offer Telematics Solution for Insurers in 2020
Oct 31 2019 // Swiss Re and Tokyo-based car electronics company Pioneer Corp. have co-developed a telematics solution that provides insurers with more personalized risk assessment, thereby supporting safer driving behavior. The...
U.K. Telematics Insurer Finds Motorists 32% More Likely to Crash on Friday the 13th
Sep 13 2019 // Analysis of almost five billion miles of driving data and associated claims in the U.K. shows that Friday is the most likely day for motorists to have a road traffic incident, and when it falls on the 13th of the month,...
Among Bad Driving Behaviors, Speeding Is Strongest Predictor of Crashes
Aug 22 2019 // Speeding is the riskiest kind of aggressive driving, according to an analysis of data from on-board telematics devices in vehicles. Researchers at Canada’s University of Waterloo examined data from 28 million trips...
GEICO Gets Progressive, Joins Auto Insurers Offering Telematics
Aug 5 2019 // Berkshire Hathaway’s GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway’s GEICO has been one of the few...
State Farm Bets on ‘Real Time’ Telematics as GEICO Scoffs
Jun 19 2019 // The nation’s largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving habits trip-by-trip...
Roost Gathering Data as it Awaits Insurance Industry Transformation
Jun 17 2019 // For years, insurance industry observers have been predicting that home telematics products would transform the insurance industry by forcing carriers to take on the role of damage preventer instead of just claims...
Munich Re Forms Global Partnership with Telematics Provider The Floow
May 16 2019 // Munich Re disclosed it will partner globally with telematics provider The Floow. The deal will help strengthen Munich Re’s telematics consulting offering but also allow The Floow’s products and services to be...
Octo Telematics to Provide Commercial Fleet Telematics to Mexico Auto Insurer
Jan 30 2019 // Octo Telematics, the Rome-based provider of telematics and data analytics solutions for the auto insurance industry, has partnered with Qualitas, Mexico’s largest auto insurer with operations throughout Mexico, Latin...
Cambridge Mobile Telematics Receives $500 Million SoftBank Funding
Dec 20 2018 // Massachusetts-based Cambridge Mobile Telematics, which offers safe driving technology that is used globally by insurers and other firms, said it has attracted a $500 million investment from the SoftBank Vision Fund that it...
For True Disruption, Embrace Innovation
Oct 1 2018 // The auto insurance industry is in the midst of major disruption powered by technology and vibrant new players. Disruption gives way to fresh ideas that can have both profound and positive impacts on our lives and...
1-in-5 Consumers Say They’d Use Amazon or Google for Home Insurance
Aug 28 2018 // One-in-five consumers say they would use Amazon or Google for their home insurance, a J.D. Power survey released today shows. And most of those who took the survey (80 percent) already have insurance with a large national...
The Lowdown: 10,000,000 Patents in 228 years
Jul 17 2018 // On June 19, 2018, the US Patent and Trademark Office (USPTO) announced the issuance of patent number 10,000,000. “More than just a number, patent 10 million celebrates the rich history and strength of the American...
Commercial Auto Insurers Catching Up with Telematics
May 17 2018 // Though adopted early by personal lines insurers, telematics technology is just coming into its own in the commercial auto space. Powered by InsuranceJournal.tv According to Zach Schmiesing, director, Commercial Lines,...
