telematics News

The Lowdown: 10,000,000 Patents in 228 years

On June 19, 2018, the US Patent and Trademark Office (USPTO) announced the issuance of patent number 10,000,000. “More than just a number, patent 10 million celebrates the rich history and strength of the American intellectual property system dating back …

SUV Data Shows Deadly California Wreck May Have Been Intentional

Authorities say data recovered from the wreckage of the SUV carrying a large family from Washington state shows the deadly crash may have been intentional. The California Highway Patrol says the SUV carrying the family accelerated straight off a scenic …

Israeli Firm Among Those Seeing Profit in Telematics Data

The road to profits is paved with good data. Every hour, a modern car processes about 25 gigabytes of information — the equivalent of about seven full-length high-definition movies — on everything from engine temperature and tire pressure to what’s …

Telematics-Based Insurance Policies in UK Rise 30% to 975,000 in 2017: BIBA

The number of live telematics-based policies reached almost one million – standing at 975,000 in 2017, according to the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from the leading telematics brands in the UK to determine the …

Telematics CEO: 5 Trends to Watch in 2018 in Auto Insurance

Auto insurance is experiencing its most seismic shift since it began over 100 years ago. If 2017 shook up the industry with an increasing number of carriers adopting mobile telematics programs for UBI, 2018 will break the mold. Carriers will …

Zurich Acquires Bright Box, Specialist in Telematics, Connected Car Technologies

Zurich Insurance Group announced it has purchased 100 percent of the shares of Bright Box HK Ltd. and its subsidiaries – an acquisition designed to increase its capabilities in connected car technologies and telematics-enabled data analytics. Financial details of the …

UK Auto Insurer Direct Line Offers Tesla Drivers 5% Discount if They Use ‘Auto-Pilot’

Britain’s largest motor insurer Direct Line is offering Tesla Inc drivers in Britain a 5-percent discount for switching on the car’s autopilot system, seeking to encourage use of a system it hopes will cut down on accidents. The move – …

Octo Telematics Buys Usage-Based Insurance Assets of Willis Towers Watson

Octo Telematics, the the London-based provider of telematics for the auto insurance industry, announced it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson, which was announced on Oct. 11, 2017. The financial details of …

Fighting Drivers of Commercial Auto Frequency, Severity

Litigation financing, distracted driving and unexpected verdicts are just some of the factors impacting commercial auto frequency and severity, according to panelists speaking at the 2017 Risk Management Summit this week in Las Vegas. There has been a focus on …

Octo Telematics to Buy Usage-Based Insurance Assets of Willis Towers Watson; Partnership Announced

Octo Telematics, the London-based provider of telematics for the auto insurance industry, announced it will acquire the usage-based insurance (UBI) assets of Willis Towers Watson and will create a partnership with the broker to develop insurance products. These UBI assets …