IOT/Telematics

The insurer says the new offering will be distinct from its current SafePilot product.

Usage-based insurance has finally come of age in the US insurance sector.

The Consumer Federation of America advises insurers to take certain steps to ensure policyholders who opt for usage-based insurance are protected.

Launched by former DriveFactor exec Steve McKay, company is tackling telematics-based insurance for commercial customers.

Given how driving patterns changed so significantly during the pandemic, there is an opportunity for carriers to further educate consumers about the benefits of telematics during the claims process.

Nearly one year after the onset of the pandemic, not only has interest remain elevated, but adoption has increased two-fold.

Also: New data hire at Amerilife, European expansion at Insurify.

Smart sensors have the ability to offer insurers risk reduction and long-term return on investment in claims reduction while benefiting millions of homeowners.

While the majority came from new customers, some existing clients switched as they cut back on driving, said Glenn Shapiro.

The Simplisafe system, including HD camera, water and motion sensors, will be provided with eligible policies at no extra charge.