Insurance Telematics

9M Insurance Telematics Policies in EU & North America Today - 05/18/2015

Europe and North America have today reached 9 million insurance telematics policies, estimated market research firm Berg Insight. The number of insurance telematics policies in force on the European market reached 4.8 million in the last quarter of...

Insurance Telematics: $22M DriveFactor Acquisition is from CCC - 05/13/2015

Last week we learned that insurance telematics start-up DriveFactor was acquired for $22 million, from an unknown party. But today CCC Information Services (CCC) confirmed this acquisition. CCC is a large SaaS technology provider to the U.S. auto...

Octo Releases Telematics Platform for Small Insurers - 05/11/2015

Octo Telematics announced last week the release of their “Try&Drive” platform to enable small and medium sized insurance companies to quickly create telematics programs. “In response to market demands of small to mid-sized insurance carriers, we...

CalAmp Acquires Insurance Telematics Startup Crashboxx - 04/29/2015

Fleet management supplier CalAmp has announced last week the acquisition of Crashboxx, a startup focused on insurance telematics. Consideration for the acquisition was $1.5 million in upfront cash and future earn-out payments based on...

3.2% of UK Drivers Use Black Box Telematics Insurance - 04/28/2015

According to a public poll 3.2 percent of drivers in the United Kingdom are currently using a black box telematics insurance. The research was carried out by the uSwitch.com Consumer Opinion Panel with a sample of 1,146 GB adults in March 2015. Even...

Insurance Telematics Startup DriveFactor Acquired for $22M - 04/23/2015

Usage Based Insurance (UBI) technology provider DriveFactor, Inc., was acquired by an undisclosed strategic buyer for approximately $22 million. The company created join 2010 and based in Richmond, Virginia, was providing the tools enabling UBI via...

Wunelli: 1B Miles of Driving Behaviour Scored for Usage-Based Insurance - 03/12/2015

Wunelli, a LexisNexis company, has reached its billionth mile of driving behaviour tracked, analysed and scored in the last 6 years for usage-based insurance. The data has been collected via fixed telematics devices and the growing number of...

The Unlikely Relationship of Usage-Based Motor Insurance and Public Transportation - 12/16/2014

Who would think that one day somebody might pay you for keeping you car at home and taking public transports? Actually this is the concept of a trial managed by Italian motor car insurer UnipoSAI, the Municipality of Milan, Italy, ATM - the Milan...

MAPFRE Expands UBI Program to Connecticut and Washington - 12/03/2014

MAPFRE Insurance the U.S. subsidiary of the Spanish insurer today announced that its DriveAdvisor Program is expanding to include the states of Connecticut and Washington. DriveAdvisor is a voluntary program that provides an auto insurance discount...

Ingenie: Telematics Reduces Accidents for Young Drivers - 12/01/2014

UK-based Ingenie, a provider of Usage-Based Insurance (UBI) for young British motorists has released a report highlighting that its insurance system that uses a telematics black box reduces crashes for young drivers through modifying their driving...

Signal Iduna Launches Usage-Based Car Insurance with TomTom OBD Dongle - 10/29/2014

Leading German insurer Signal Iduna has launched a usage-based insurance policy based on TomTom OBD (on-board diagnostic) dongle (LINK 100). “AppDrive powered by TomTom” uses a smartphone app and an OBD dongle that reports data such as harsh...

OBD Dongle Start-up Zubie Partners with Progressive Insurance - 09/11/2014

OBD Dongle Start-up Zubie has announced a partnership with Usage-Based Insurance (UBI) provider Progressive. Through this partnership, Zubie offers its customers the option of sharing their driver data with Progressive in order to earn a discount on...
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