Traffic moves around the Old Street roundabout, also referred to as 'Silicon Roundabout,' in the area known as 'Tech City', in this photograph taken with a tilt-shift lens in London, U.K., on Wednesday, Aug. 20, 2014. Brookfield Asset Management Inc. is close to an agreement for Amazon.com Inc. to rent about 400,000 square feet (37,160 square meters) of office space near the London technology hub known as Silicon Roundabout, a person with knowledge of the talks said last month. Photographer: Chris Ratcliffe/Bloomberg
Chris Ratcliffe/Bloomberg
Aioi Nissay Dowa Insurance has deployed Cambridge Mobile Telematics’ new DriveWell Fleet program to improve the safety of commercial drivers and reduce claims, the companies announced.
CMT’s offering, available to insurers and fleet owners, gives Aioi Nissay’s drivers and managers an IoT-enabled smartphone app that offers trip-by-trip feedback, gamification functionality and a web portal to review past user scores and habits. The Japanese insurer launched its new service, dubbed Biz Safety, last month.
“Vehicle management through the use of telematics has drawn much attention recently,” said Katsuhiko Sugeta, general manager of product planning at Aioi Nissay, in a statement. “We expect that this program can meet our commercial customers’ needs.”
Aioi Nissay is also a user of CMT’s existing DriveWell program for personal auto. According to vendor statistics, nearly one million drivers to date saw a 35% deduction in phone use and a 20% decrease in hard braking after 30 days. Both Aioi Nissay and CMT expect similar results from DriveWell Fleet.
Nick Gerhart, executive VP at the insurer specializing in funeral and end-of-life coverage, spoke about its technology advances, and the role of insurtech on a broader scale in the industry.
Elizabeth Tyndell, VP talent acquisition at New York Life, shares how the insurer is leveraging AI to attract and retain the next generation of insurance talent.
Leveraging EHRs, medical claims and historical lab data, insurers can enhance their ability to discover undisclosed tobacco use and improve risk assessment accuracy.
A group led by Bain Capital's special-situations arm is in talks to invest as much as $2 billion in insurance broker Acrisure, according to people with knowledge of the matter.
