Pay-how-you-drive insurance priced primarily by measured driving behaviour.
IMS urges UK Government to support telematics insurance for young drivers
IMS is calling for UK Government support to expand telematics-based insurance among young drivers, including action on Insurance Premium Tax and public awareness. The appeal follows a CII consultation on using telematics to improve road safety.
Somerset Bridge launches GoSkippy Connect telematics insurance proposition
Somerset Bridge Group and IMS have launched GoSkippy Connect, an app-based telematics insurance proposition for a broad personal-lines customer base. It uses IMS technology and a tailored driving-behaviour scoring model to support pricing, underwriting and renewals.
IMS integrates Volkswagen OEM data for Pay How You Drive
IMS has completed an integration enabling Volkswagen OEM sensor data to be converted into Pay How You Drive risk scores and has made the capability available to insurers for evaluation via its One App.
Nirvana raises $100m Series D to expand AI insurance
Nirvana secured $100m Series D at a $1.5bn valuation to scale an AI and telematics-based commercial vehicle insurance platform, accelerating underwriting, pricing and claims automation for fleets.
Sonatus and MOTER integrate in-vehicle driver risk AI
Sonatus and MOTER will embed driver risk models in vehicles via the AI Director, enabling real‑time risk assessment, reduced cloud dependency, lower costs and improved privacy for OEMs and insurers.
Greater Than listed in FinTech Global InsurTech 100
FinTech Global included Greater Than in its InsurTech 100; ABAX served as a case study for an AI-driven, data-based insurance product developed with Tryg using driver-risk scoring for personalised premiums.
ABAX launches data-driven commercial car insurance in Norway
ABAX launches Fair, a data-driven commercial car insurance in Norway offering usage-based premiums to ABAX customers via telematics, supported by predictive risk partner Greater Than and insurer Eir.
CMT and TransUnion Launch Portable Driving Scores for Insurers
Cambridge Mobile Telematics and TransUnion collaborate to introduce portable driving scores, enabling drivers to share verified safe-driving profiles with insurers and providing instant risk assessments.
Benchmarking Telemetics SDKs for Connected Insurance
This analysis benchmarks telematics SDKs on trip detection, battery consumption, and data usage, highlighting their impact on customer experience and scalability in connected insurance programmes.
IMS and kinetiQ Launch New Commercial Motor Insurance Product
IMS and kinetiQ Underwriting have partnered to introduce a telematics-based commercial motor insurance product in the UK, targeting growth through smarter, data-driven underwriting and broker collaboration.
MOTER Launches DriveSage Driver Coaching App with Valtech Mobility
MOTER Technologies and Valtech Mobility have launched DriveSage, an integrated driver coaching app leveraging real-time vehicle data to enhance driving behaviours and support embedded insurance solutions.
Kia Europe to Integrate LexisNexis Risk Scoring in App
Kia Europe partners with LexisNexis to incorporate driving risk scores into its app, enhancing personalised insurance pricing and improving driver behaviour insights across 27 European markets.
HDVI raises $40m to develop data-driven trucking insurance
Commercial auto insurer HDVI has raised $40m from existing investors to develop telematics-based pricing and safety discounts for trucking fleets. Former president Reid Spitz becomes CEO, while two investors join the board.
Greater Than Recognised Among Top Innovators in InsurTech 2022
Greater Than, an ABAX partner, earns recognition in FinTech Global's InsurTech 100 for its innovative approach in the insurance technology sector.
ABAX Introduces Fair Car Insurance to Norwegian Market
ABAX launches Fair Car Insurance in Norway, utilising data analysis for tailored commercial vehicle premiums aimed at optimising customer safety and reducing risks.
USAA survey finds driving apps improve safe-driving habits among young drivers
A USAA-sponsored survey of 2,027 US parents found that 87% of those using driving apps believed their child’s driving improved. SafePilot uses telematics to provide behavioural feedback and insurance discounts.
Improving Driver Safety Through Smartphone Telematics Data
Technological advances in smartphone telematics are enabling insurers to better assess driving behaviour and manage risk associated with distraction events while driving.
Connected Insurance and Gen Z Driver Safety Challenges
This article explores the impact of connected insurance on enhancing safety among Gen Z drivers, addressing their overconfidence and environmental concerns.
Advancements in Connected Insurance Through Telematics
DriveQuant's telematics solutions enhance insurance offerings, enabling insurers to leverage driving data for improved road safety and customer engagement.
Star Assurances and DriveQuant Launch STARCONNECT Programme
Star Assurances introduces STARCONNECT, a smartphone telematics programme aimed at enhancing road safety for Tunisian drivers, in partnership with DriveQuant.
Personal Auto Profitability Showing Positive Trends
The Insurance Information Institute reports improved underwriting profitability in personal auto insurance, with a 7.3-point decrease in net combined ratio in 2023. Premium growth reaches a 15-year high, driven by rate increases to offset inflationary costs.
Launch of Wecover by Geco for Car Insurance Savings
Wecover by GECO app assists drivers in improving their skills, offering potential insurance premium reductions through collaborative policies and personalised feedback.
Club Identicar Updates Roole App with DriveQuant Integration
Club Identicar's Roole app now incorporates DriveQuant's driving behaviour analysis, enhancing user support during road difficulties and improving overall journey safety.
Aviva UK Introduces MyDrive Telematics Initiative for Drivers
Aviva has launched MyDrive, a telematics initiative enabling drivers to monitor their habits and potentially reduce insurance premiums at renewal.
Rising Auto Insurance Costs Contributing to Inflation Acceleration
The US auto insurance market faces inflation due to a 2.7% monthly and 22.2% yearly price increase. Rising repair costs from supply chain issues and advanced vehicle tech contribute to insurers' financial challenges and customer dissatisfaction.
Macnil GT Alarm Partners with ConTe.it for Insurance Discounts
Macnil GT Alarm has collaborated with ConTe.it to offer a 15% discount on car insurance for users of its new GT Alarm device, enhancing vehicle security and maintenance.
Safely Insured appoints IMS for smartphone telematics insurance
Safely Insured has appointed IMS to replace black-box technology with a smartphone app and Bluetooth beacon for its novice-driver motor insurance product, enabling journey-data collection, driver-behaviour scoring and collision detection.
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.
LB Forsikring and DriveQuant Launch Bilist+ Telemetrics
LB Forsikring and DriveQuant introduce Bilist+, a smartphone telematics programme aimed at enhancing driving safety and reducing accidents in Denmark.
Black-box insurance policies gain popularity among young UK drivers
Telematics black boxes monitor driving behaviour such as speed, acceleration and braking to adjust car-insurance premiums. UK policies using the technology rose from 12,000 to around 180,000, with the insurance industry forecasting further growth.
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.
OPES Insurance Launches Telematics Product in Vietnam
OPES partners with IMS to introduce mobile telematics insurance for drivers in Vietnam, targeting the country's 3 million car owners.
IMS and Aviva Canada Collaborate on Aviva Journey Launch
IMS partners with Aviva Canada to introduce Aviva Journey, an app designed to reduce auto insurance premiums for safe drivers in Ontario.
Trakm8 Forms Partnership with Humn AI for Fleet Insurance
Trakm8 partners with Humn to enhance fleet insurance through integrated telematics and AI-driven risk analysis, improving overall efficiency and bespoke premium offerings.
Trakm8 Partners with Adiona for Insurance Innovation
Trakm8 collaborates with Adiona to develop a data-driven insurance platform aimed at enhancing customer experience and optimising vehicle insurance pricing.
ACTIA's Telematics Solution Powers New Insurance Offering
ACTIA’s telematics technology supports ALD Automotive's new connected fleet insurance, aiming to reduce costs and accidents through driving behaviour analysis.
CalAmp Unveils New Usage-Based Insurance Solution
CalAmp has launched a usage-based insurance solution, integrating a BLE tag and app for improved risk management and lower premiums for users, enhancing telematics offerings.
IMS Extends Partnership with Onlia for Telematics SDK
IMS announces the three-year extension of its partnership with Onlia to enhance telematics solutions aimed at improving road safety and supporting digital insurance offerings.
Amerisure and IMS Launch Usage-Based Insurance Telematics
Amerisure partners with IMS to implement a telematics program for commercial fleets in Michigan, focusing on driver behaviour to enhance safety and reduce premiums.
Ford Partners with Nationwide for Insurance Offering
Ford's new insurance offerings may limit customer choice and control over driving data, potentially impacting user experience in the connected car market.
Utilising IoT for Enhanced Risk Management in Insurance
Insurers increasingly leverage IoT technology for real-time risk assessment, customer engagement, and behaviour-based feedback, enhancing policyholder safety and reducing claims.
VisionTrack launches VT24/7 behaviour monitoring and FNOL service
VisionTrack says commercial fleets are increasingly adopting usage-based insurance enabled by telematics data. It has launched VT24/7, a monitored-driver-behaviour and first-notification-of-loss service intended to prevent incidents and streamline insurance claims.
Autonet Unveils New Telematics Product for Young Drivers
Autonet launches a UBI private car product for young drivers, leveraging VisionTrack's video telematics solutions to enhance driving safety and policy affordability.
Octo Telematics Partners with EverQuote and State Auto
Octo Telematics has announced partnerships with EverQuote and State Auto to launch the DriveAbility Marketplace, enhancing customised insurance services through telematics data.
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.
Azuga Partners with BIGN to Enhance Insurance Solutions
Azuga's telematics technology will support BIGN members in optimising risk assessment and policy design through real-time data on fleet operations and driver behaviour.
Octo Telematics to Supply Services to LV= Broker
Octo Telematics has secured a contract to provide telematics services to LV= Broker, enhancing risk pricing and claims management in the auto insurance sector.
Octo Telematics Introduces Link Digital Services Platform
Octo Telematics launches the Link Program, enhancing data sharing between insurers and clients, and streamlining insurance risk assessment and customer management processes.
