telematics News

Pay-Per-Mile Car Insurer Metromile Signs Deal with Ford

Auto insurer Metromile said it is teaming up with Ford Motor Co. to provide owners of Ford vehicles with connectivity technology with personalized car insurance. Ford is Metromile’s first agreement with a major manufacturer and Metromile said its models are …

Honda App Links Feedback on Drivers to Insurance Carriers via Verisk

Honda Motor Co. is offering an app that scores the safety of car owners’ driving habits and links with insurance carriers that can offer discounts to drivers who are deemed a good risk. The Driver Feedback app is available to …

Tesla Invites Actuaries to Help It Create a ‘Revolutionary’ Insurance Company

Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one CEO Elon Musk says will be “revolutionary.” And he’s inviting actuaries to join his cause. “I would love to have …

Insurtech Zego Partners with Telematics Firm ABAX to Lower Fleet Insurance Costs

Insurtech Zego has partnered with global telematics firm ABAX in a move designed to drive down the cost of insurance for fleet owners. While some fleets already use on-board telematics devices to improve efficiency, many still operate without them, said …

Just in California Announces Telematics Product for Low-Income Drivers

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 than 12,000 drivers. The firm says it will …

Toyota to Offer Nationwide’s Auto Insurance Product with Telematics

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, a telematics offering that uses …

Accident Reports Now Ready Minutes After Crash on Smartphone, Says Telematics Firm

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 launch of Claims Studio, an accident reporting …

Driver Privacy Concerns in Auto Insurance. There’s an App for That.

Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance — while also raising some privacy red flags. Data on everything from how frequently a …

How Brokers Influence Specialty Insurance Product Innovation

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 of specialty insurance. Whether it’s reputational, cyber, gig economy …

Swiss Re and Pioneer to Offer Telematics Solution for Insurers in 2020

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 telematics solution will be integrated in Swiss Re’s “Coloride”app and is set …