auto insurance telematics News

Verisk Teams with Driveway Software on Smartphone Telematics for Autos

Property/casualty insurance data supplier Verisk Insurance Solutions has formed a strategic alliance with Silicon Valley’s Driveway Software to jointly develop a smartphone telematics product for automakers, insurers and drivers. The product will combine the Driveway smartphone telematics platform for data …

Online Seller CoverHound Adds Pay-per-Mile Insurer Metromile

Online insurance comparison shopping agency CoverHound has announced a partnership with pay-per-mile auto insurance company Metromile to provide more coverage options for customers of both companies. The partnership gives CoverHound, which now operates its personal lines platform in all 50 …

Usage-Based Auto Insurance, Slow at First, Picking Up Speed

Usage-based auto insurance will explode globally in the next seven years, a new industry analysis asserts. IHS Inc.’s IHS Automotive predicts that 142 million customers will sign up globally for the telematics-infused policies by 2023, up from nearly 12 million …

How Telematics Saves on Claims, Improves Customer Experience

Insurers that are not already using the data from their telematics programs for claims would be wise to do so early in their adoption of telematics as the task only becomes more difficult as more data is collected, according to …

Telematics Changing Drivers’ Behavior: Insurance Research

Telematics devices offered by auto insurers appear to working to change the behavior of drivers. More than half (56 percent) of the 1,135 drivers participating in an Insurance Research Council (IRC) public opinion survey said they have made changes in …

Usage-Based Insurance Overcoming Privacy Concerns, Gaining Traction

Consumers as well as commercial fleet managers are becoming more accepting of usage-based insurance (UBI) in which a telematics device is used to track driving behavior as safety and savings benefits appear to be trumping concerns over privacy. Personal auto …

New York DFS Issues Bulletin Urging Auto Insurers to Adopt Telematics Programs

New York’s Department of Financial Services (DFS) issued a bulletin to all New York auto insurers encouraging them to adopt “usage-based insurance” (UBI) programs. Under these voluntary programs, consumers can install “telematics” devices in their cars that – with the …

N.Y. Approves Esurance Program Aimed at Preventing Teen Texting and Driving

New York Gov. Andrew Cuomo’s administration announced it has approved Esurance’s new telematics program designed to help prevent teens from texting while driving. This new voluntary program, called “DriveSafe,” allows Esurance policyholders to install a device, free of charge, in …

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 …

MAPFRE Insurance Expands DriveAdvisor Telematics Program to Oregon

MAPFRE Insurance has expanded its DriveAdvisor Program to the state of Oregon. DriveAdvisor is a voluntary program that provides an auto insurance discount for customers who elect to use telematics technology to monitor their driving behavior. The discount is available …