Usage-based insurance

New products announced by startups this week show companies expanding their portfolios to manage more kinds of risk.

One of her first projects was to develop a Drivewise mobile application that the company could use to collect driving data, rather than depending on customers installing devices.

The company will expand its telematics program, Safety 360, with the move.

The auto insurer believes that better driving information can help make consumers safer while opening up more interaction points for the carrier, according to chief underwriting officer Elaine Montgomery-Baisden.

Commercial insurer will deploy the vendor's analytics platform to fleet and transportation drivers via mobile apps.

Japanese insurer expands its partnership with Cambridge Mobile Telematics, previously launching a program for personal auto last year.

The company's SmartRide UBI program is yielding valuable data, says carrier VP.

The companies worked together to extend drivers personal injury insurance for on-the-job incidents.

App for IntelliDrive is available in two states after insurer worked with TrueMotion to create it.

Modus, founded in 2002, tracks driver performance for carriers and fleet managers to conjure up better risk profiles.

Otonomo collects hundreds of data points from cars and packages them to inform insurers' UBI programs.

Another industry alliance is forged aimed at providing driver data to insurance companies.

Though there's less of an onus on insurers to collect driving data for UBI programs themselves, the new ecosystem has other downstream effects, say experts.

Drivers warm to the value of usage-based insurance in Internet of Things era, says survey.

The new app expands the company's My Journey UBI initiative to another channel.

Peak Fleet, EMC's new telematics initiative, rolls out with full support from Octo's analytics suite.

The auto insurer is looking to build a more robust UBI customer experience, says senior director Nick Grant