Insurance Telematics: Insure The Box detects fraudulent claims
Insure The box, a telematics based car insurance company was successful in saving as much as £50,000 as it could detect and reject fraudulent claims. Company had used telematics...
Admiral Insurance Facebook account blocked after announcement of firstcarquote plans
Admiral made an announcement that it would use data from consenting Facebook users to predict their driving attributes. Right after this announcement, Facebook blocked Admiral’s account, thereby ruining...
8.5 million connected cars in South America by 2023
A study by Frost and Sullivian has revealed that about 8.5 million Connected Cars on the region’s roads, with Brazil, Mexico, and Colombia leading the way.Increased vehicle connectivity...
Electronics systems contribute 90% of innovations and new features in modern vehicles
The automotive industry is being shaken up by technology advancements which are impacting the future of the business. A PwC study revealed that electronics systems today contribute to...
OEM connected car solutions: questions of creation and monetization
Today the connected car is becoming a commodity. Through surveys of drivers, and competitive intelligence, auto manufacturers have realized that their market rivals have already achieved some success...
Telematics Tech on the Rise Among UK Business Fleets
The number of businesses using telematics in their fleet vehicles has almost doubled over the last year. That’s according to a report by the RAC, that found that...
LexisNexis risk solutions annual telematics study reveals 50% of drivers adopt usage-based insurance when offered to them
A new LexisNexis Risk Solutions study on usage-based insurance (UBI) found that a surprising number of U.S. drivers (50 percent) report enrolling in pay-as-you-drive policies when offered, yet...
Connected cars could mean usage-based insurance for millennial drivers
The usage-based insurance (UBI) model has been around for over a decade, but it finally started seeing traction in the past few years. EY, in a white paper...
Singapore: First usage-based insurance for private-hire car drivers
Over the past few years the taxi industry has undergone a complete transformation. This has, in part, been fuelled by the growth in popularity of apps such as...
Driving Usage Based Insurance Information to the Claims Process
While information derived from usage based insurance telematics hasn’t been fully utilized in the claims process, the benefits it can provide – consistency, efficiency and accuracy – offer...