Insurance Telematics

Allianz UK to Offer PAYD Insurance to BMW i3 and i8 - 07/22/2014

Allianz UK has teamed up with BMW to provide tailored insurance to BMW i3 and i8 owners. BMW FlexiMile Insurance is designed for customers driving up to 5,000 miles per year and offers the benefit of a lower premium – customers are saving 25% in...

Direct Line Insurance Makes 15% Investment in Telematics Supplier The Floow - 07/10/2014

UK-based specialist telematics service provider The Floow has announced this week a 15 percent investment from Direct Line Insurance Group plc. The investment will be facilitated through a dedicated capital increase in the equity of The Floow, which...

Allianz Selects TomTom to Power Insurance Service in France - 06/24/2014

TomTom Telematics has been selected by Allianz France to power a new private motor insurance solution, Allianz Conduite Connectée. Allianz Conduite Connectée offers safety features such as automatic crash notification and road side assistance...

Deloitte Telematics Insurance Study: Challenges & Opportunities for Auto Insurers - 06/11/2014

Deloitte University Press published earlier this year a 32 pages study on usage-based insurance (UBI), also known as “insurance telematics,“ written by two insurance experts. This report offers an interesting view on the market from an insurance...

The State of Usage Based Insurance - 04/16/2014

Ptolemus Consulting issued last week an interesting infographic that describes the current state of Usage-Based Insurance (UBI), also called insurance telematics. It is estimated that around 5.5 million insurance policies leveraging telematics data...

Q&A with Octo Telematics CMO - 02/12/2014

On February 6th Amadeus Capital Partners announced the sale of Octo Telematics for €405 million to Renova Group, a private, multi-sector Russian company. GPS Business News discussed with Octo's Chief Marketing Officer Jonathan Hewett the current...

Tata Consultancy Services Leverages Smartphones for Usage Based Insurance - 12/27/2013

Tata Consultancy Services last week launched their Insurance Telematics Solution, a mobile application that turns consumers' smartphones into mobile telematics devices. The solution minimizes the need for a separate, potentially expensive,...

Woop: New TomTom UK Customer for Insurance Telematics - 12/11/2013

TomTom today announced that woop, a new car insurance policy for young drivers will be using its technology. TomTom's LINK 410 tracking device will be installed in the policy-holder's vehicle to provide data on all aspects of driver performance,...

Insurance Telematics: Q&A with David Pratt, GM UBI at Progressive - 11/07/2013

David Pratt, General Manager Usage-Based Insurance at the U.S. insurer Progressive answered the questions of Frédéric Bruneteau, Ptolemus Consulting. Frédéric Bruneteau: Where does Snapshot stand today? What are the key facts & figures you can...

Q&A with Fabio Sbianchi, CEO of Octo Telematics - 10/21/2013

Fabio Sbianchi, the CEO of Octo Telematics, the Italian-based pioneer of usage-based insurance answered the questions of Frédéric Bruneteau, Ptolemus Consulting. Frédéric Bruneteau: Octo has been one of the founders of the insurance telematics...

Usage-Based Insurance Debuts in Australia - 10/16/2013

Australian telematics provider IntelliTrac has announced this week they are supplying technology to Insurance Box to enable what they claim to be the first telematics-based personal car insurance in Australia. Insurance Box is a subsidiary of QBE,...

Usage Based Insurance Awareness Reaches 1/3 of U.S. Consumers - 08/22/2013

One in every three U.S. consumers is aware of usage-based insurance (UBI), the systems based on telematics, tripling its awareness in the last three years, according to a new study commissioned by LexisNexis. The web-based survey polled 2,072 U.S....
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