Insurance Telematics

Driveway Software Raised $10M For Smartphone-Based UBI - 08/04/2015

Telematics startup Driveway Software has closed a $10 million Series A funding to offer telematics-based insurance via a smartphone app. The round was led by Ervington Investments, representing prominent Russian businessman Roman Abramovich....

Generali Acquires Insurance Telematics Startup MyDrive - 07/23/2015

Generali Group announced today that it has acquired full control of MyDrive Solutions, an English start-up founded in 2010 and dedicated to the use of data analytics tools to profile driving behavior for insurance purposes. “The acquisition of...

Has the UK UBI Market Reached its Ceiling Already? - 07/16/2015

The Usage-Based Insurance (UBI) market’s slowing growth in the UK is a stark reminder that the concept of telematics insurance is far from mature

Usage-Based Insurance: Is it a Bubble? - 07/14/2015

There is a consensus in the market that despite all promises and forecasts, UBI has not become mainstream, and it is still in its infancy. Therefore, it is about the right time to stop the race for a moment and examine whether insurance telematics...

OBD Startup Automatic Raises $24M in Series B - 06/25/2015

Aftermarket connected car startup Automatic announced today a series B funding of $24 million. In this round, an investment subsidiary of USAA, CDK Global, and Comcast Ventures join existing investors Y Combinator, RPM Ventures, Anthemis Group,...

UK Insurance Brokers Association: 323,000 Live Telematics Policies - 05/25/2015

Newly released research by the British insurance Brokers’ Association (BIBA) estimates they are 323,000 live ‘black box’ telematics motor insurance policies in the United Kingdom. This compares to 296,000 in December 2013 (up nine percent). Graeme...

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...
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