Usage-based insurance

Unipol’s Linear Assicurazioni and Cambridge Mobile Telematics Launch Italy’s First Try-Before-You-Buy Auto Insurance Program

Retrieved on: 
Wednesday, July 28, 2021
Professional services, Data management, Automotive, Other Automotive, Technology, Insurance, Software, Vehicle insurance, Global Positioning System, Information technology management, Telematics, Technology, Unipol, Usage-based insurance, Science and technology, Transport, Cambridge Mobile Telematics, Unipol Gruppo S.p.A., Linear Assicurazioni, Leithà, CAMBRIDGE MOBILE TELEMATICS, UNIPOL GRUPPO S.P.A., LINEAR ASSICURAZIONI, LEITHà

Linear Assicurazioni (Unipol Groups direct insurance brand) is partnering with Cambridge Mobile Telematics (CMT), bringing together the worlds largest usage-based insurance (UBI) group and the global leader in mobile telematics to launch the first Try-Before-You-Buy program for Italian drivers.

Key Points: 
  • Linear Assicurazioni (Unipol Groups direct insurance brand) is partnering with Cambridge Mobile Telematics (CMT), bringing together the worlds largest usage-based insurance (UBI) group and the global leader in mobile telematics to launch the first Try-Before-You-Buy program for Italian drivers.
  • Linear Assicurazioni, Unipol Groups direct insurance brand, announced today the launch of Linear Drive&Save, a mobile-only program that invites drivers of all ages to demonstrate how safely they drive and receive up to a 15 percent discount on their cars insurance policy.
  • Leveraging Unipols expertise in telematics insurance, Leith analyzes this smartphone data and builds a unique risk profile for each driver.
  • We are excited to partner with Unipols Linear to create Italys first behavior-based discount program, said William Powers, founder and CEO of CMT.

Earnix Announces Acquisition to Fuel Transformative New Usage-Based Auto Insurance Offering

Retrieved on: 
Thursday, July 22, 2021
Other Consumer, Technology, Insurance, Consulting, Other Technology, Professional services, Software, Consumer, Data management, Vehicle insurance, Global Positioning System, Articles, Technology, Information technology management, Telematics, Transport, Ubi, Usage-based insurance, Value proposition, Driveway Software

The assets, including a state-of-the-art telematics app, will serve as a cornerstone in establishing a new and transformative offering in Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI).

Key Points: 
  • The assets, including a state-of-the-art telematics app, will serve as a cornerstone in establishing a new and transformative offering in Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI).
  • The central value proposition driven by this acquisition is Driveways proven consumer telematics app that will be integrated as a core component within Earnixs UBI/BBI offering.
  • The new offering represents an innovative and fresh approach that empowers auto insurers to more efficiently manage the entire lifecycle for personalized telematics-based UBI/BBI through a mobile-centric engagement.
  • Earnixs customers deliver over 1 billion quotes per year through Earnixs solutions, offering systemized, enterprise-wide value with ultra-fast ROI.

Mercury Insurance Launches MercuryGO for Georgia Drivers

Retrieved on: 
Monday, July 12, 2021
Insurance, Transport, Vehicle insurance, Mercury General, Service industries, Usage-based insurance, Traffic collision, Driving

LOS ANGELES, July 12, 2021 /PRNewswire/ --Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Georgia to help improve driving skills and traffic safety.

Key Points: 
  • LOS ANGELES, July 12, 2021 /PRNewswire/ --Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Georgia to help improve driving skills and traffic safety.
  • "Most car crashes can be avoided and MercuryGO is a helpful app that will keep Georgians safe while on the road," said Mercury Insurance Director of Product Management Mike Dawdy.
  • Licensed teen drivers, 18 years and younger, who are registered for MercuryGO will instantly receive a 10% participation discount on auto insurance.
  • Tweet the news:MercuryGO is available in Georgia and could save drivers up to a 40% on auto insurance.

Mercury Insurance Launches MercuryGO for Florida Drivers

Retrieved on: 
Thursday, July 1, 2021
Transport, Vehicle insurance, Mercury General, Chemistry, Service industries, Usage-based insurance, Driving, Mercury

LOS ANGELES, July1, 2021 /PRNewswire/ -- Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Florida to help improve driving skills and traffic safety.

Key Points: 
  • LOS ANGELES, July1, 2021 /PRNewswire/ -- Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Florida to help improve driving skills and traffic safety.
  • "Mercury wants to help make Florida's roads as safe as possible," said Mercury Insurance Director of Product Management Mike Dawdy.
  • Licensed teen drivers, 18 years and younger, who are registered for MercuryGO will instantly receive a 10% participation discount on auto insurance.
  • Tweet the news:MercuryGO is available in Florida and might save drivers up to a 20% on auto insurance.

Usage-Based Insurance Market for ICE & Electric Vehicle by Package, Technology, Vehicle Age, Device Offering and Region - Global Forecast to 2026

Retrieved on: 
Wednesday, June 23, 2021
Technology, Science and technology, Vehicle insurance, Articles, Automotive electronics, Global Positioning System, Information technology management, Telematics, eCall, Usage-based insurance, Forecast period, On-board diagnostics

DUBLIN, June 23, 2021 /PRNewswire/ -- The "Usage-Based Insurance Market for ICE & Electric Vehicle by Package (PAYD, PHYD, MHYD), Technology (OBD-II, Black box, Smartphone, Embedded), Vehicle Age (New, Old), Device Offering (BYOD, Company Provided) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, June 23, 2021 /PRNewswire/ -- The "Usage-Based Insurance Market for ICE & Electric Vehicle by Package (PAYD, PHYD, MHYD), Technology (OBD-II, Black box, Smartphone, Embedded), Vehicle Age (New, Old), Device Offering (BYOD, Company Provided) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
  • The usage-based insurance market is projected to reach USD 66.8 billion by 2026 from an estimated USD 19.6 billion in 2021, at a CAGR of 27.7% during the forecast period.
  • The eCall system, mandatory for all new EU vehicles since March 2018, speeds up emergency-response times by 40-50%.
  • Such initiatives would boost the growth of vehicle telematics, which in turn would drive the growth of the usage-based insurance market during the forecast period.

Global Usage-Based Insurance Market for ICE & Electric Vehicles (2021 to 2026) - Developing Automotive Usage-Based Insurance Ecosystem Presents Opportunities - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 22, 2021
General Automotive, Professional services, Insurance, Automotive, Technology, Science and technology, Automotive electronics, Information technology, Global Positioning System, Automotive safety, eCall, Vehicle insurance, Telematics, Insurance, Usage-based insurance, Connected car

The eCall system, mandatory for all new EU vehicles since March 2018, speeds up emergency-response times by 40-50%.

Key Points: 
  • The eCall system, mandatory for all new EU vehicles since March 2018, speeds up emergency-response times by 40-50%.
  • However, the decline in sales statistics did not impact the usage-based insurance market at all.
  • The Asia Pacific usage-based insurance market is estimated to be the fastest-growing regional market.
  • Such initiatives would boost the growth of vehicle telematics, which in turn would drive the growth of the usage-based insurance market during the forecast period.

Guidewire Unveils End-to-End Usage-Based Insurance Solution

Retrieved on: 
Wednesday, May 5, 2021
Technology, Mobile, Wireless, Insurance, Finance, Professional services, Software, Networks, Internet, Data management, Guidewire Software, Vehicle insurance, Telematics, Usage-based insurance, Technology, Insurance, On2 Technologies, Information technology, Science and technology

b'Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced the availability of Guidewire\xe2\x80\x99s Usage-Based Insurance Solution.

Key Points: 
  • b'Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced the availability of Guidewire\xe2\x80\x99s Usage-Based Insurance Solution.
  • That will result in strong new business growth across the sector.\xe2\x80\x9d2\nAvailable exclusively on Guidewire Cloud, Guidewire\xe2\x80\x99s UBI solution accelerates deployment with a prebuilt package of capabilities, services, and integrations with Guidewire PartnerConnect Solution partners, Cambridge Mobile Telematics and TrueMotion for telematics.\n"Personal lines insurers want to offer UBI as fast as possible to their customers, and with Guidewire they can in just a few months,\xe2\x80\x9d said Eugene Lee, senior vice president and general manager, Guidewire.
  • \xe2\x80\x9cAs the pandemic continues, so do the financial hardships faced by many households," said Matthew Turack, president of CAA Insurance Company.
  • \xe2\x80\x9cIn response, we quickly launched a new MyPace product using Guidewire to help our customers who were working from home save on auto insurance costs.

Toyota's Exclusive Independent Insurance Agency Spreads Its Wings

Retrieved on: 
Friday, April 30, 2021
Finance, Companies, Economy, Insurance, Usage-based insurance, Toyota

Guests included TIMS executive leadership, as well as Plano\'s Mayor Harry LaRosiliere, who cut the ceremonial red ribbon.\nTIMS, Toyota\'s exclusive independent insurance agency, was launched in April 2016 to provide Toyota customers with a seamless way to compare and buy car insurance policies online, and find their best usage-based insurance options using data-driven recommendations and a personalized purchase experience.

Key Points: 
  • Guests included TIMS executive leadership, as well as Plano\'s Mayor Harry LaRosiliere, who cut the ceremonial red ribbon.\nTIMS, Toyota\'s exclusive independent insurance agency, was launched in April 2016 to provide Toyota customers with a seamless way to compare and buy car insurance policies online, and find their best usage-based insurance options using data-driven recommendations and a personalized purchase experience.
  • But even as we embrace virtual work, it is also beneficial to have our own space to come together for collaboration when appropriate.
  • TIMS is an independent licensed insurance agency specializing in Property & Casualty insurance offerings, partnering with top insurance companies to allow customers to choose the best options for their needs.
  • For information about TIMS products and licensing, please visit www.toyotaims.com .\nView original content to download multimedia: http://www.prnewswire.com/news-releases/toyotas-exclusive-independent-in...\n'

MOTER Technologies Launched to Commercialize Connected Car Data

Retrieved on: 
Tuesday, April 27, 2021
Automotive electronics, Vehicle insurance, Emerging technologies, Connected car, Internet of things, Usage-based insurance, Technology, Car, Aioi, Transport, Science and technology

b'TORRANCE, Calif., April 27, 2021 /PRNewswire-PRWeb/ -- Aioi Nissay Dowa Insurance Services USA (Aioi USA) has launched MOTER Technologies, Inc., a software development and data science company in Los Angeles, to leverage the organization\'s capabilities in the efficient use of connected car data to understand driving risk and produce insights into driving and safety.

Key Points: 
  • b'TORRANCE, Calif., April 27, 2021 /PRNewswire-PRWeb/ -- Aioi Nissay Dowa Insurance Services USA (Aioi USA) has launched MOTER Technologies, Inc., a software development and data science company in Los Angeles, to leverage the organization\'s capabilities in the efficient use of connected car data to understand driving risk and produce insights into driving and safety.
  • Additional applications for the MOTER data science platform include predictive maintenance, mobility fleet services, battery analysis and advanced safety system performance evaluation.\n"After many years of working with data for usage-based insurance, my ultimate goal was to bring our insurance data analytics software, MOTER, to the car itself," says Kenji Fujii, CEO of MOTER Technologies.
  • "MOTER will deliver the most efficient and effective ways to leverage connected car data, enabling broader usage and bridging the gap between the automotive and insurance ecosystems.
  • A key aspect of this shift is commercialization of connected car data and its many applications.\n"We\'ve developed a lot of expertise in working with the treasure trove of data produced by modern vehicles," says Craig Lozofsky, COO of MOTER Technologies.

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

Retrieved on: 
Tuesday, April 20, 2021
Mobile, Wireless, Technology, Insurance, Automotive Manufacturing, Telecommunications, Professional services, Software, Manufacturing, Internet, Data management, Vehicle insurance, Automotive electronics, Global Positioning System, Information technology management, Telematics, Usage-based insurance, Insurance, Technology, Science and technology, Transport, CROC, Cambridge Mobile Telematics, CROC, CAMBRIDGE MOBILE TELEMATICS

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.