Automotive electronics

Cambridge Mobile Telematics Partners with CROC to Provide Connected Insurance Solutions to the Russian Market

Tuesday, April 20, 2021 - 1:00pm

They can generate flexible and individual compulsory MTPL pricing without having to install any devices in the car.

Key Points: 
  • They can generate flexible and individual compulsory MTPL pricing without having to install any devices in the car.
  • "At the same time the very attractive price of mobile telematics facilitates its implementation both for CASCO and compulsory MTPL.
  • Our clients are already actively using our mobile application, and mobile telematics is the next step in the evolution of the insurance business \xe2\x80\x93 as its implementation helps to decrease the number of accidents and optimizes motor insurance.
  • Since its first product launch in 2012 that pioneered mobile usage-based insurance, CMT has become the world\xe2\x80\x99s leading telematics and analytics provider for insurers, rideshares, and fleets.

New U.S. Telematics Scoring Model Achieves 79% Lift Above Standard Rating Factors, Testing Available via LexisNexis Telematics OnDemand

Thursday, April 15, 2021 - 1:30pm

This new scoring model will be available for testing through LexisNexis Telematics OnDemand and is designed to flow seamlessly into insurers\' existing auto insurance ratings programs to help improve segmentation, pricing risk and profitability.\nTelematics OnDemand will be the first LexisNexis Telematics Exchange product to offer scores using the new Drive Metrics telematics scoring model which leverages analytics applied to driving behavior data.

Key Points: 
  • This new scoring model will be available for testing through LexisNexis Telematics OnDemand and is designed to flow seamlessly into insurers\' existing auto insurance ratings programs to help improve segmentation, pricing risk and profitability.\nTelematics OnDemand will be the first LexisNexis Telematics Exchange product to offer scores using the new Drive Metrics telematics scoring model which leverages analytics applied to driving behavior data.
  • The resulting scores can help carriers deliver a more accurate risk assessment of driving behavior data, both at point of quote and renewal.
  • In a LexisNexis Usage-Based Insurance (UBI) study, 88% of drivers indicated they prefer auto insurance pricing based on their actual driving habits.
  • We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government.

Insights on the Telematics Insurance Global Market to 2025 - Prevention of False Insurance Claims is Driving Growth

Tuesday, April 13, 2021 - 6:45pm

The telematics insurance market report is a compilation of different segments, including market breakdown by type, application, region, and country.\nThe telematics insurance market, based on type, is segmented into pay as you drive and pay how you drive segments.

Key Points: 
  • The telematics insurance market report is a compilation of different segments, including market breakdown by type, application, region, and country.\nThe telematics insurance market, based on type, is segmented into pay as you drive and pay how you drive segments.
  • The pay as you drive segment is expected to maintain its dominance during the forecast period in the telematics insurance market.\nThe telematics insurance market, based on distribution channel, has been segmented into OEM and aftermarket.
  • The aftermarket segment is expected to maintain its dominance during the forecast period in the telematics insurance market.\nThe telematics insurance market, based on device type, has been segmented into smartphone, onboard device, blackbox, and OEM embedded.
  • The smartphone segment is expected to maintain its dominance during the forecast period in the telematics insurance market.\nThe telematics insurance market, by application, has been segmented into passenger and commercial segments.

Worldwide Telematics Insurance Industry to 2025 - Focus on Product, Application, and Country Assessment - ResearchAndMarkets.com

Thursday, April 8, 2021 - 1:24pm

The "Telematics Insurance Market - A Global and Regional Market Analysis: Focus on Product, Application, and Country Assessment - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Telematics Insurance Market - A Global and Regional Market Analysis: Focus on Product, Application, and Country Assessment - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
  • Telematics insurance is an insurance program based on current driving behavior as opposed to historic achievement and is sometimes called black box insurance.
  • The telematics insurance market research provides a detailed perspective on the different types of products, their applications, and value estimation, among others.
  • The telematics insurance market report is a compilation of different segments, including market breakdown by type, application, region, and country.

Indonesia Connected Trucks Telematics Market Report 2021: Understanding Fleet Operators? Perceptions, Switching Behaviour, and Willingness to Pay Unlocks Future Growth Potential

Wednesday, April 7, 2021 - 2:15pm

DUBLIN, April 7, 2021 /PRNewswire/ -- The "Transport & Logistics Sector to Fuel the Indonesian Connected Trucks Telematics Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, April 7, 2021 /PRNewswire/ -- The "Transport & Logistics Sector to Fuel the Indonesian Connected Trucks Telematics Market" report has been added to ResearchAndMarkets.com's offering.
  • The commercial vehicle telematics market in Indonesia is growing at a slow rate due to the impact of the COVID-19 pandemic.
  • Multiple telematics vendors populate this fragmented market, fighting to gain share.
  • This study researches and surveys the connected trucks telematics market in Indonesia.

Sensata Technologies Completes Acquisition of Xirgo Technologies

Thursday, April 1, 2021 - 10:33pm

Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions that create insight for customers, today announced that it has completed the previously announced acquisition of leading telematics and data insight provider, Xirgo Technologies Intermediate Holdings, LLC (Xirgo) for $400 million.

Key Points: 
  • Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions that create insight for customers, today announced that it has completed the previously announced acquisition of leading telematics and data insight provider, Xirgo Technologies Intermediate Holdings, LLC (Xirgo) for $400 million.
  • Sensata completed the acquisition of 100% of the shares from private equity firm HKW and other shareholders following receipt of regulatory approval from all authorities required by the agreement.
  • The acquisition includes approximately 160 sales, engineering and manufacturing employees in the United States and Lithuania including more than 75 engineers.
  • Xirgo Technologies, LLC is a leading provider of innovative, full-featured, application-specific wireless IoT communication devices.

For the Global Commercial Vehicle Market 2020-2025 & COVID-19 Growth Impact Assessment - New Opportunities in Connectivity Solutions, Autonomous Vehicles, Electric Vehicles, and Vehicle Leasing

Thursday, April 1, 2021 - 8:15pm

DUBLIN, April 1, 2021 /PRNewswire/ -- The "COVID-19 Growth Impact Assessment For the Commercial Vehicle Industry" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, April 1, 2021 /PRNewswire/ -- The "COVID-19 Growth Impact Assessment For the Commercial Vehicle Industry" report has been added to ResearchAndMarkets.com's offering.
  • The study also covers the new opportunities that COVID-19 has created in other mobility verticals such as connectivity solutions, autonomous vehicles, electric vehicles, and vehicle leasing.
  • For example, telematics service providers offering driver health monitoring solutions and contactless delivery will capture market share.
  • At the same time, collaborations between market participants in the alternate powertrain industry will improve product development efforts and reduce time to market.

Global Insurance Telematics Market (2021 to 2026) - Growth, Trends, COVID-19 Impact, and Forecasts - ResearchAndMarkets.com

Tuesday, March 30, 2021 - 3:52pm

Insurance telematics poses the potential to alter the current scenario of motor insurance and positively impact claims, risk selection, and fraud detection.

Key Points: 
  • Insurance telematics poses the potential to alter the current scenario of motor insurance and positively impact claims, risk selection, and fraud detection.
  • The key drivers supporting the initiative for insurance telematics are decreasing the cost of development and technology, altering consumer behavior, and stringent government regulations.
  • The rising incorporation of the internet of things (IoT) into passenger and commercial vehicles is propelling the utilization of cloud services in insurance telematics.
  • The European insurance telematics market is still controlled and dominated by insurers in Italy and the United Kingdom, with an estimated 4.3 million and 540,000 policies, respectively.

Digital Matter Launches Global 2021 IoT Asset Tracking Strategy

Tuesday, March 30, 2021 - 1:32pm

PERTH, Australia, March 30, 2021 /PRNewswire/ -- Digital Matter ,a global leader in GPS and IoT hardware development, today announced its 2021 strategy to deliver the range, performance and flexibility companies require to better manage and track their valuable assets around the world.

Key Points: 
  • PERTH, Australia, March 30, 2021 /PRNewswire/ -- Digital Matter ,a global leader in GPS and IoT hardware development, today announced its 2021 strategy to deliver the range, performance and flexibility companies require to better manage and track their valuable assets around the world.
  • "Digital Matter's mission is to develop, supply, and support high-quality telematics and IoT asset tracking hardwarefor businesses," said Ken Everett, CEO and founder, Digital Matter.
  • For more information about Digital Matter and to learn more about its IoT asset tracking solutions, visit www.digitalmatter.com .
  • Digital Matter is the leading global developer of low-power GPS and IoT hardware for asset trackingand management applications.

European Automotive Telematics Market to Cross $37,249.8 Million Revenue by 2030: P&S Intelligence

Tuesday, March 30, 2021 - 9:30am

NEW YORK, March 30, 2021 /PRNewswire/ -- European automotive telematics market forecasted to witness a robust CAGR of 16.1% during 20202030.

Key Points: 
  • NEW YORK, March 30, 2021 /PRNewswire/ -- European automotive telematics market forecasted to witness a robust CAGR of 16.1% during 20202030.
  • Moreover, the mandatory deployment of the eCall system in vehicles by the EU is also driving the European automotive telematics market.
  • The fleet/asset management category, based on service, dominated the European automotive telematics market in the past.
  • Germany is making the largest contribution to the European automotive telematics market presently, and it will continue doing so throughout the next decade.