Telematics

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

The insurance offering is currently available in just eight states.

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

The 2022 LexisNexis U.S. Auto Insurance Trends Report reveals data concerns but general optimism around the future of telematics.

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.

Keynova Group released its Q1 2022 Mobile Insurance Scorecard, which evaluates the mobile website and mobile app offerings from the 12 largest U.S. property and casualty firms.

Insurers are moving towards embedded risk-rated customer acquisition, offering the safest drivers the opportunity to secure a better premium directly within their existing insurance experience.

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.

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.

Born out of the insurtech MDGo, Sensa focuses on transmitting only crucial accident data for claims.

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

Insurers that are able to make the best use of data are already winning market share, improving key ratios and generating superior risk intelligence, according to a report from the Capgemini Research Institute.

Some consumers don’t seem to be crying out for usage-based insurance and evidence shows some of the models in use are only mildly predictive at best. Why is that? Why is it that auto insurance companies have not found a way to significantly improve on the traditional metrics of age, zip code and the like despite all the technological advances of the last few decades?

Allstate and John Hancock recently announced a partnership to reward John Hancock Vitality members with points if the policyholder is also a safe driver with the Allstate Drivewise program. The alliance is the first of its kind and could be an indicator of where the insurance industry may be going.

The unique partnership comes amid an increase in vehicle crash-related deaths and a desire to help customers understand how their choices could potentially support their overall health.

Travelers IntelliDrivePlus allows customers more opportunity to increase their usage-based discount at a time when prices are going up.

According to a Breeze survey, 55% of consumers would be interested in buying a hypothetical insurance product from Amazon that used data analytics to determine policy pricing, over a legacy carrier.