Telematics

GM is the inaugural member of Verisk Analytics' Telematics Data Exchange. OnStar leader Tyson Becker talks about how the connected car and auto insurance spaces are converging.

Insurers must recognize that for some consumers, offering value in exchange for their data is a key attraction.

IoT in insurance will allow the industry to move toward “casual analysis”: what are the true causes of loss and in what interventions can be undertaken to avoid them?”

Fitness device maker Fitbit now will enter into HIPAA business associate agreements with corporations, health plans and self-insured employers that want to offer its wellness platform to employees.

Research indicates that insurers looking to jump-start usage-based insurance programs should start by courting millenial consumers.

The insurer is establishing partnerships with auto insurance technology companies to better handle emerging risks.

Whether or not one buys into the idea of sustained dialogue with our cars in the next decade, it is certain that the Internet of Things will require new forms of record keeping, of which it’s very likely that Blockchain technology will be a crucial component.

Insurance core systems technology company Insurity Inc. now offers integration with Social Media Risk Scoring, predictive analytics technology from tech firm Social intelligence.

The Snapshot mobile app will monitor and measure driving data, including time of day, mileage and hard braking automatically, and give drivers personalized information, including a one-to-five-star rating at the end of each trip, a data summary, map of their drive and tailored driving tips.

The company's interest in smart home tech company Roost is the latest in a string of startup investments

As insurance telematics gains momentum with consumers, the technology has become ever more sophisticated and reliant on customer outlays for smartphone capabilities and OEM automotive technology. But is that fair to lower income consumers?

The Verisk Telematics Data Exchange promises greater portability of usage-based insurance data across companies.

The Swiss telematics technology firm announced that its Telematics Analyzer now can integrate with any back-end system

The three new features are intended to enable deeper insights around driver behavior and profiles, the company said.

The app monitors and scores driver or rider behavior and the option of personalized insurance quotes based on their scores.

The connected car technology company has launched its NSpire platform, which the company describes as a set of tools, modules and programs designed to support customized telematics strategies.

With Progressive Insurance’s recent patent loss to Liberty Mutual Insurance, insurers are running out of reasons for not pursuing leading edge technologies, such as telematics and usage-based insurance, industry experts say, and recent changes in patent law are favoring those who challenge patent holders.

Which cities are attracting the most Internet of Things (IoT) companies? Here’s the answer, according to IoT Analytics – which has a database that tracks more than 2,000 IoT businesses.

Allstate’s Drivewise Mobile application now features Allstate Rewards, which safe drivers now can use to earn points for deals on merchandise, gift cards and local offers, regardless of whether they have an insurance policy with Allstate.

Fleets are interested in adopting usage-based insurance programs, but aren’t being reached by carriers, according to Lexis-Nexis research.