Pay-as-you-drive insurance priced primarily by distance driven.
Trakm8 launches UK campaign on young-driver insurance telematics
Trakm8 has launched a UK campaign highlighting the impact of rising insurance costs on young drivers, supported by a survey finding that 86% would accept driving-data monitoring for lower premiums. The initiative promotes PAYD and UBI telematics policies.
AMA Insurance Company Implements Pay-As-You-Go Programme
The Alberta Motor Association Insurance Company selects IMS technology for its new pay-as-you-go auto insurance programme, aiming to enhance customer flexibility and satisfaction.
Rise of Connected Insurance and Customer Retention Strategies
A study indicates significant policyholder attrition in France, prompting insurers to adopt digital tools for innovative connected insurance solutions to enhance customer loyalty.
SCOR and DriveQuant Form Strategic Business Alliance
SCOR and DriveQuant have entered a strategic relationship to enhance telematics insurance solutions, focusing on mobility science and real-time data integration.
CerebrumX Enhances Usage-Based Insurance for Connected Vehicles
CerebrumX integrates Ford data to streamline usage-based insurance for insurers, promoting timely and cost-effective implementation for eligible vehicles via embedded telematics.
MORE THAN launches mileage-based Low Miler car insurance
MORE THAN has launched Low Miler, a UK pay-as-you-drive car insurance product developed with IMS. Customers choose an annual mileage allowance and use a connected device to track mileage, with additional miles available for purchase.
IMS launches mileage-based pay-as-you-go insurance programme
IMS has made a low-cost, quick-start usage-based insurance programme available to North American insurers, enabling mileage-based policies using telematics data.
CAA Insurance and Octo Telematics Win Best Technology Provider Award
CAA Insurance and Octo Telematics received the Best Technology Provider award at ICTA 2019 for their MyPace pay-as-you-drive insurance solution.
Octo Telematics Partners with CAA for MyPace Program
Octo Telematics has been chosen as the telematics provider for CAA Insurance's MyPace pay-as-you-go programme, aimed at enhancing customer insurance affordability based on driving habits.
Omoove highlights telematics-enabled shared mobility and usage-based insurance
At the Global Fleet Conference, Omoove discussed its shared-mobility platform and how telematics data can support pay-as-you-drive and pay-how-you-drive insurance, safety services and accident assessment.
Octo launches telematics insurance product for motorcyclists
Octo Telematics is launching Rider 1 in Europe, including Italy, offering pay-as-you-drive insurance, motorbike location and theft recovery, emergency assistance, and battery alerts through a connected telematics device.
Quartix reports strong 2012 growth and expands fleet telematics services
Quartix reported 24% sales growth and a 60% rise in operating profit in 2012, adding 1,400 fleet customers and expanding its telematics presence in France and UK pay-as-you-drive insurance programmes.
Quartix expands telematics insurance and tracking operations
Quartix reports growth in vehicle-tracking systems, telematics insurance contracts and driver-behaviour monitoring, while expanding its operations in France.
Quartix expands UK telematics business and enters pay-as-you-drive insurance
Quartix says it is installing nearly 2,000 telematics units monthly and has more than 2,500 customers. The provider has secured a 15,000-system Coverbox contract for pay-as-you-drive insurance and is expanding into France through a Paris office and French-language website.