usage based insurance News

General Motors Launches Use-Based Auto Insurance With OnStar Vehicle Data

General Motors Co. on Wednesday launched an auto insurance program with the help of its OnStar subsidiary, joining a growing field of companies hoping to cash in on the vast amounts of data generated by increasingly automated and connected cars. …

Claims Business: RecovX Health, Tokio Marine and CrowdStrike, Ford and Verisk

ReCovX Health Launches Injury Claim Filing Tool RecovX Health, an insurtech based in Sarasota, Fla., has launched a product that allows injured people to file third-party liability accident claims with insurance companies. RecovX founder and owner Lee E. Fogle said …

Honda Safe Driving App Links With Insurers for Premium Discounts

Honda Motor Co. is offering an app that scores the safety of car owners’ driving habits and links with insurance carriers that can offer discounts to drivers who are deemed a good risk. The Driver Feedback app is available to …

Metromile, an Early Usage-Based Auto Insurer, Offering its Technology as a Claims Tool

Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced this week that Tokio Marine Holdings had …

Using Telematics in Claims

Usage-based insurance telematics have been used in underwriting and in developing new products, but industry experts say claims can benefit from it too. In a July 2015 blog, Strategy Meets Action partner, Monique Hesseling, explained that telematics is useful to …

Car Insurers Promise Discounts for UBI Customers

Insurance companies around the world are promising lower rates on car coverage. The catch is they want to install the equivalent of an airplane’s black box to track how and where you drive. Smartphone applications and devices that record trip …

Thinking About Usage Based Insurance? Get Real Life Experience Advice in Boston and Los Angeles

Seminar for insurance carrier professionals will offer frank insights and experiences on developing a successful UBI program Scottsdale, AZ, October 6, 2014: We’ve all seen the statistics. Telematics and UBI are exploding at an exponential rate. From 1.85 million insured …

Insurance Consumers Could Purchase Products From Amazon, Google

Two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying from online service providers such as Google and Amazon, according to new research by Accenture based on …

Auto Insurers’ Driver Tracking Hits Wall in California

California is turning into a battleground for technology that allows auto insurers to track their customers’ driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences. Insurance companies are increasingly installing …

Allstate Announces Crowdsourcing Effort to Test Usage-Based Insurance Product

Allstate’s usage-based insurance product, Drive Wise, will be put to the test by interested employees and Allstate agency owners. The crowdsourcing technique will put the device in the hands of employees and agency owners around the country to identify opportunities …