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Smartphonisation is reshaping banking. Insurance is next, says new research from PTOLEMUS Consulting Group

A new PTOLEMUS study has found that less than 6% of all auto insurance policyholders worldwide actively use an insurer’s mobile app. This corresponds to 50 million drivers or half of US...


The telematics advantage: Driving data on the spot

With Americans clocking more time behind the wheel than ever before, additional miles can be a challenge to auto insurers. How can insurers make a dent in accident frequency...


New Data Underscores How Common Distracted Driving Risks Have Become

With auto insurers increasingly worried about a spike in accidents related to distracted driving, results from a new study will only reinforce their fears. A little more than 52 percent...


Usage-based insurance: Telematics give insurers a competitive edge

The idea of usage-based insurance, or using data on driver behavior to price auto insurance, has been around almost as long as the industry itself. The difference between then...


Telematics Insurance May Penalise Mobile Phone Use at the Wheel

Drivers who make calls at the wheel could find that their insurance premiums rocket under plans by insurers to monitor illegal calls and texts made while driving. Existing “telematic” underwriting...


British Government Planning to Remove Insurance Barriers for Self-Driving Cars

Britain plans to introduce new insurance rules to ensure victims of accidents involving self-driving cars are compensated quickly in a bid to remove a major obstacle for the nascent...


Taiwan and India Associations Sign MOU on Vehicle Telematics

The Taiwan Telematics Industry Association signed a memorandum of understanding with the Automotive Component Manufacturers Association of India Feb. 3 in New Delhi aimed at strengthening bilateral industrial cooperation...


From Usage Based Insurance to Behaviour Based Insurance

Do you sometimes exceed the speed limit when driving? Accelerate fast or brake hard perhaps? Beware – your insurance premiums are likely to go up! Underwriting Basics Insurance has always been...


It’s the Smartphone, Stupid!

Brad Cordova is co-founder and Chief Technology Officer of TrueMotion Last winter, the National Safety Council issued its report on traffic fatalities, and the data was shocking. 2014 saw the...