telematics News

Volvo Plans to Equip Cars with Sensors to Stop Drunk or Dangerous Drivers

Volvo Cars is planning to fit its next generation of autos with cameras and sensors that will detect drunk or distracted drivers and intervene to stop dangerous rides. From the early 2020s, Volvos will have the ability to notice if …

Telematics, Parametric Insurance and AI Pitched as Claims Solutions

Technology companies anxious to expand their market share in insurance sector announced this week the launch of products that will alert carriers of unsafe driving habits, expedite payments to small business owners whose operations are interrupted by earthquakes, and use …

Allstate Ranks Cities With Safest Drivers

Brownsville, Texas, topped the list of cities with America’s safest drivers. according to the 14th annual Allstate America’s Best Drivers Report. Based on Allstate claims data, the report aims to shine a spotlight on safe driving leading up to the …

Commercial Auto Insurers Begin to Tap Fleet Telematics Data

Though adopted early by personal lines insurers, telematics is just coming into its own in the commercial auto space, according to Zach Schmiesing, director, Commercial Lines, IoT/Telematics at Verisk Analytics. Commercial insurers are examining the differences in commercial driving behavior …

LexisNexis: U.S. Insurers Unprepared to Leverage IoT Data for Strategic Business Needs

While insurers in the U.S. recognize the impact the data will have on the industry, few currently have an IoT strategy, are collecting IoT data or have dedicated resources in place, according to a new LexisNexis Risk Solutions research. This …

New Car Buyers Don’t Seek out Safety Tech, but Happy to Have it

A new telematics study by LexisNexis Risk Solutions found that most car buyers don’t seek out advanced safety and connectivity features in new cars, however 76 percent of connected car owners are pleased when they discover the benefits of having …

Transforming Claims for the Digital Era

As insurers undertake digital transformation programs, many rightfully turn to the claims function. Claims is a very good candidate for such initiatives because of its importance to the relationship between customers and their insurers. Claimants and insurers both want speedy …

Fighting Commercial Auto Frequency, Severity Drivers With Technology

Litigation financing, distracted driving and unexpected verdicts are just some of the factors impacting commercial auto frequency and severity, according to panelists speaking at the 2017 Risk Management Summit last week. There’s been a focus on commercial auto underwriting losses …

Commentary: Engaging Millennials With Smartphone Telematics

Young drivers represent both a risk and an opportunity for insurers. On one hand, they tend to get in more accidents, and are particularly prone to distracted driving with smartphones. On the other hand, they represent a new generation of …

The Future of Telematics

Though usage based insurance (UBI) has been around for some time, the use of telematics is expected to expand, according to Dawn Mortimer, assistant vice president of IoT/Telematics Claims Product Development for Verisk Insurance Solutions. “I’ve worked at carriers where …