connected vehicle technology News

Assurant Invests in Connected Car Services Startup

Niche market specialty insurer Assurant has invested in a technology startup focused on connected car services. The New York-based company declined to disclose the level of investment in Mojio, a technology platform and software-as-a-service (SaaS) provider with offices in Silicon …

Motor Insurers Need to Adapt to Ward Off Competition from Car Manufacturers

As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled for years to make a profit from motor insurance due to intense competition and …

Jaguar Land Rover to Test Fleet of Autonomous Cars in England by 2020

Britain’s biggest carmaker Jaguar Land Rover said it will create a fleet of more than 100 research vehicles over the next four years to test autonomous and connected technology, with the first models to hit the streets later this year. …

Italy Car Insurance Tech Firm, Octo Telematics, Weighs Sale or IPO: Sources

Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by Russia’s Renova Group, is working with advisers to seek …

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 …

LA Auto Show: Connected Cars Coming Out of the Barn

Remember driving to the nearest pay phone to return a page? That’s about as far away from today’s technology as was the horse drawn carriage from the days of pagers and buck-a-gallon gasoline. That much was clear during the Connected …

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 …

Federal Safety Officials Look to Accelerate Self-Driving Cars, Vehicle Technologies

Self-driving cars being developed by Google Inc. and some automakers are getting a lift from U.S. auto-safety regulators eager to accelerate automation that they predict could prevent many crashes. Transportation Department regulators today released a policy intended to advance testing …