telematics News

Fairmatic Bets On Driver-Driven Premium Adjustments to Score in Commercial Auto

Managing general agent (MGA) Fairmatic has introduced a usage-based insurance model that features monthly commercial auto premium adjustments based on an insured’s driving behaviors. Fairmatic’s “performance-priced commercial auto insurance” product is currently available to commercial fleets and on-demand delivery and …

U.K. Telematics Insurer Finds Motorists 32% More Likely to Crash on Friday the 13th

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 …

Among Bad Driving Behaviors, Speeding Is Strongest Predictor of Crashes

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 for possible links between four bad driving behaviours …

GEICO Gets Progressive, Joins Auto Insurers Offering Telematics

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 among the top 10 largest personal auto insurance carriers …

State Farm Bets on ‘Real Time’ Telematics as GEICO Scoffs

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 instead of waiting for a periodic score card. State …

Munich Re Forms Global Partnership with Telematics Provider The Floow

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 provided to insurance clients globally. Both companies hope …

Getting Americans to Stop Using Phones While Driving

The distracted driving report by Zendrive, a traffic-data startup, makes it clearer and clearer each year that millions of Americans can’t stop themselves from talking, texting and livestreaming—yes, even using FaceTime—while driving. The results have been increasingly unsettling, showing that …

Nationwide’s ‘SmartMiles’ Auto Insurance Targets Low-Mileage Drivers

For those who work from home, carpool frequently or use public transit more than they drive, Nationwide is launching SmartMiles, an auto insurance policy for low-mileage drivers. BuildIng on its telematics SmartRide offering, SmartMiles allows Nationwide customers to pay for …

Octo Telematics to Provide Commercial Fleet Telematics to Mexico Auto Insurer

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 America and the United States. Qualitas, which has more than 4 …

Smart Car Makers See Safety Enhancements Turning Into Revenue Opportunities

As vehicles get smarter, your car will be keeping eyes on you. This week at CES, the international consumer electronics show in Las Vegas, a host of startup companies will demonstrate to global automakers how the sensor technology that watches …