Auto industry

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

The insurance offering is currently available in just eight states.

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

Some states have begun using the technology or are considering it to find uninsured drivers.

Cambridge Mobile Telematics research has shown that the right type of insurance telematics programs can help maintain and even improve safe driving behaviors.

Only 24 states have such laws in place but there is legislation in the works in 21 others.

Nationwide, Travelers discuss the epidemic and possible mitigation efforts insurers can lead.

Battery-powered cars and trucks tend to be far heavier than their gas-burning counterparts. That extra bulk translates into a mixed bag of benefits and concerns.

Digitizing the salvage process can enable faster settlement of claims, improve insurers’ NPS scores and lower vehicle storage costs.

Nationwide recently announced a new partnership and the expansion of another as the company continues to grow its Internet of Things capabilities.

The company announced the launch of its first offering in February, a telematics-based platform that is designed to modernize commercial fleet insurance by using vast amounts of driving data gathered from sensors on trucks.

Digital Insurance received responses via email from Dr. Caro Gabor, CEO of Movinx, a global insurtech platform and a joint venture between Swiss Re and Daimler Insurance Services. Dr. Gabor discusses Movinx, auto industry trends and embedded insurance.

Partnerships between automakers and insurance carriers have existed for decades, but more recent deals offer customers insurance options at the point of sale using telematics data capabilities built into connected-car platforms.

The U.S. Department of Transportation proposed on Thursday that lane-keeping support, automatic emergency braking, blind spot detection and blind spot intervention be incorporated into its Five-Star Safety Ratings program for new cars.

The U.S. National Highway Traffic Safety Administration has opened defect investigations in the past two weeks of cars made by Honda Motor Corp. and Tesla Inc. and equipped with automatic emergency braking systems.

Prakash Ranjan, the vice president of marketing technology, will focus on the company’s goals to improve digital transformation and increase tech talent.

Automatic emergency braking systems can detect and prevent pedestrian crashes, but lighting plays a role in the odds no matter the crash avoidance systems in place, according to a study from the Insurance Institute for Highway Safety.

As 2022 gets under way, insurers have opportunities to boost their visibility beyond simply increasing their marketing spending.

Expenses in the fourth quarter surged 43% from a year earlier to more than $11.6 billion, the Northbrook, Illinois-based insurer said Wednesday in a statement. Costs tied to property and casualty claims made up the majority of the increase.

Mike Kreidler has adopted a temporary rule banning insurers from using credit information to set auto, homeowner and renters insurance rates. Kreidler initially issued an emergency rule in March 2021 but it was struck down by a court last year. The new rule goes into effect March 4.