15 juillet 2018

Connected tech to keep car-share drivers in check

Connected tech to keep car-share drivers in check Telematics as a vetting tool in car-sharing fleets explored by Siegfried Mortkowitz. New mobility services are creating new relationships between drivers and vehicles, and potentially between car owners and their vehicles. The rise of who peer-to-peer (P2P) car-sharing has enabled owners to leverage the times their vehicles are idle by allowing strangers to rent them for short periods of time. In P2P relationships, the most important commodity is trust: the car owner must believe... [Lire la suite]
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24 mai 2018

Telematics and ADAS: Ready for take off

Telematics and ADAS: Ready for take off Susan Kuchinskas explores why the market for advanced driver assistance systems (ADAS) may finally be ready for prime time. Drivers don't necessarily know how to drive. The 1.2 million annual traffic accident deaths each year attest to that. Advanced driver assistance systems (ADAS), which can help prevent injury, death, and property damage, are already available. But now the time may be ripe for them to take off. The most common ADAS technologies are lane departure warning and/or... [Lire la suite]
11 janvier 2018

The Future Of Car Insurance: Digital, Predictive And Usage-Based

The Future Of Car Insurance: Digital, Predictive And Usage-Based Imagine shopping for your next car insurance and the car company offers an insurance that connects a black box, dongle or a mobile phone app, which tracks how you drive, and saves you up to 30 percent on premiums. This, in essence, is the future of connected car insurance, also called usage-based car insurance (UBI), whereby based on how you drive, when you drive and where you drive, you will receive a competitive quote if you are what the technology deems a ‘safe... [Lire la suite]
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10 janvier 2018

Auto insurance industry and InsurTechs can learn from telematics in Italy

Auto insurance industry and InsurTechs can learn from telematics in Italy Matteo Carbone, Principal at Bain & Company in Italy, reflects on how InsurTechs can learn from the experiences the Italian auto insurance industry has gained from its use of telematics.  The insurance sector is becoming more innovative. Various initiatives and projects launched around the globe are proof of that: from the classic “call for ideas” and corporate venture capital to innovation labs and accelerators that involve the largest insurance... [Lire la suite]
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01 octobre 2017

Turbulence ahead The future of general insurance

Turbulence ahead The future of general insurance General insurance, it will surprise no one to hear, is a risk-averse business. The resulting lag in innovation has led to a growing gap between customer expectations and insurers’ ability to fulfill them. The industry is now ripe for disruption. In the report Deloitte developed with The Forum, we made a bold prediction about insurance: • While retail banking will experience the most imminent effect of disruption, the greatest impact of disruption is likely to be felt in the insurance... [Lire la suite]
30 juin 2017

The Future Of Car Insurance: Digital, Predictive And Usage-Based

The Future Of Car Insurance: Digital, Predictive And Usage-Based Imagine shopping for your next car insurance and the car company offers an insurance that connects a black box, dongle or a mobile phone app, which tracks how you drive, and saves you up to 30 percent on premiums. This, in essence, is the future of connected car insurance, also called usage-based car insurance (UBI), whereby based on how you drive, when you drive and where you drive, you will receive a competitive quote if you are what the technology deems a ‘safe... [Lire la suite]

10 avril 2017

Usage-Based Insurance Market to Reach $123 Billion by 2022, Globally-Allied Market Research

Usage-Based Insurance Market to Reach $123 Billion by 2022, Globally-Allied Market Research According to a new report published by Allied Market Research, titled, "Usage-Based Insurance Market by Product Type (Pay-As-You-Drive Insurance (PAYD), Pay-How-You-Drive Insurance (PHYD), and Manage-How-You-Drive Insurance (MHYD) and Technology (OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, and Black-Box-Based UBI Programs): Global Opportunity Analysis and Industry Forecast, 2014-2022," the global... [Lire la suite]
25 mars 2017

Why Automakers Should Support Aftermarket Telematics

Why Automakers Should Support Aftermarket Telematics • Aftermarket Telematics assumed the following – Most systems would consist of a hardware box that plugs into the J1962 connector and has a cellular transceiver on board to communicate with a data facility – Most telematics products will require collaboration of companies providing different parts of the total solution. The elements of collaborations include: • Overall system developer • Independent shops, fleets, etc. • Parts companies or warehouse distributers (with... [Lire la suite]
29 janvier 2017

SMARTPHONE APP SafetyNex COULD REDUCE ACCIDENT RATE BY 20%

SMARTPHONE APP SafetyNex COULD REDUCE ACCIDENT RATE BY 20%   I - ONBOARD TELEMATICS AND AUTO INSURANCE : REMINDER Onboard telematics now can measure behavior of a driver, and therefore, car insurers have early started this adventure of connected car, more or less successfully. The simplest applications that have been deployed are: . locate stolen vehicles . measure the usage of the driver, and in particular the number of kilometers traveled in order to propose adaptive pricing (vehicle that always stays in a garage will never have... [Lire la suite]
20 novembre 2016

3 Reasons Why Smartphone Telematics Is The Way To Go!

3 Reasons Why Smartphone Telematics Is The Way To Go! There’s no doubt that the adoption of the financial credit score as a rating variable for premium underwriting was an innovation in its time. But now it’s time for the next big thing in insurance – smartphone telematics. For automobile insurers, telematics represents a growing and valuable way to quantify driver risk. Instead of pricing based on vehicle and driver characteristics, telematics presents the opportunity to measure the quantity and quality of a driver’s behavior. ... [Lire la suite]