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driver behavior News

AIG Seeks Best Drivers in Singapore with New Smartphone App

AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched a nationwide search to find Singapore’s best drivers with “AIG On the Go,” a telematics-based smartphone application. “AIG On the Go” scores drivers’ performance every time they get behind the …

UK Auto Insurers Face Disruption from Mobile Phone & Tech Companies

Auto insurance may be on the brink of an incursion from mobile-phone and technology companies. Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its product line in February to …

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 …

Firms Interested in Driver Data Collected by Auto Insurers

The restaurants and doughnut shops that consumers pass on their commute would love to predict when they’ll be driving by. Their auto insurer may already know, and could be looking for a way to profit from that information. Allstate Corp. …

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 …