IOT/Telematics

Nationwide teams up with CMT on driving notifications

The new DriveWell Messaging platform provides automated customer engagement to improve driver retention and roadway safety.

By Grace Crane

June 24

Vehicles drive through Capitol Reef National Park outside of Torrey, Utah, US, on Tuesday, June 14, 2022. Record high temperatures continue to sear the US Southwest through the Mississippi Valley, driving weekend energy demand as people turn to air conditioners to cool down. Photographer: George Frey/Bloomberg

Usage-based insurance

UBI adoption up as traditional auto premiums rise: J.D. Power

Participation in UBI programs has doubled since 2016, the market research firm says.

By Ganny Belloni

June 14

Insurtech

Lemonade launches auto in Ohio, Hippo expands to NC with Ring: Insurtech roundup

Also: Corelogic, Hiscox, Nirvana, Cambridge Mobile

By Grace Crane

June 13

Auto insurance

Munich Re, partners to assess insurance risks of new auto tech

Munich Re partners with ERGO, in-tech and others to launch the Mobility Technology Center.

By Michael Shashoua

June 2

A Porsche Taycan electric vehicle (EV) charging at the Porsche SE showroom in Berlin, Germany, on Tuesday, March 29, 2022. Porsche, which reports reports final year earnings today, delivered 301,915 vehicles to customers in 2021, an 11% jump from 2020 and the first time it has surpassed the 300,000 mark. Photographer: Liesa Johannssen-Koppitz/Bloomberg

Insurtech

IoT from Carrot and Luxboro; EY and FINEOS: Insurtech partnerships

Also: Polly integrates with six mortgage providers; Roostify teams up with Covered.

By Grace Crane

May 31

Morning commuters make their way across London bridge in London, U.K., on Monday, April 11, 2022. The labor market data for February will probably give the Bank of England the ammunition it needs to justify another rate hike in May. Photographer: Chris J. Ratcliffe/Bloomberg

Telematics

Inflation increases auto telematics adoption, TransUnion

The Personal Lines Insurance Shopping Report suggests consumers are overcoming fears of surveillance to reduce premiums.

By Grace Crane

May 24

Ford Motor vehicles parked in an overflow lot in Louisville, Kentucky, U.S., on Tuesday, April 19, 2022. A shortage in automotive semiconductor chips has caused vehicle manufacturers to scale back production of automobiles. Photographer: Luke Sharrett/Bloomberg

Climate change

Only 8% of insurers are sustainability leaders, Capgemini

The World Property and Casualty Insurance Report emphasizes the effects of climate change on the insurance industry.

By Grace Crane

May 23

Demonstrators with Fridays for our Future perform a "die in" outside the White House on Earth Day to demand immediate action on climate change in Washington, D.C., U.S., on Friday, April 22, 2022. President Biden today signed an executive order designed to safeguard old-growth forests as the White House has faced criticism from environmental activists over the inability to provide significant funding for his climate agenda. Photographer: Graeme Sloan/Bloomberg

Telematics

Tesla bets it can bring down insurance costs

The insurance offering is currently available in just eight states.

By Dana Hull

May 18

Telematics

Nationwide, Razor Tracking partner on telematics for agribusiness

Customers can purchase telematics devices and dash cameras through Razor Tracking.

By Kaitlyn Mattson

May 5

Auto insurance

Hagerty gets nimble, launches Digital Labs initiative

Digital Labs bridges two worlds – marketing strategy and product development.

By Michael Shashoua

April 28

A 1937 Bugatti Type 57S Corsica Drophead Coupe, right, at the 2021 Pebble Beach Concours d'Elegance in Pebble Beach, California, U.S., on Sunday, Aug. 15, 2021. Since 1950, the annual Pebble Beach Concours d’Elegance has hosted the world’s most beautiful and expensive collectible cars for a week of lavish parties, blue-chip auctions, glamorous rallies, and exclusive high-roller meetings. Photographer: David Paul Morris/Bloomberg