Agero has unveiled smartphone-based software that could replace embedded telematics systems to provide automatic crash detection. The Medford, Massachusetts-based telematics services provider said its new “Driver360” software can be integrated into existing insurance providers’ and car manufacturers’ mobile apps. Bringing crash detection, response and prevention functionality into the car with the help of a smartphone Read More..
BMW and Toyota Motor have teamed up with insurer Allianz to invest in Nauto, a Californian startup company that has developed technology toÂ accelerate the auto industry’s drive to develop autonomous cars. Nauto’s system, which lets fleet vehicles become part of a self-learning network, consists of an in-vehicle camera and sensor hardware, a smart network and Read More..
If the US insurance industry experts’ predictions are any guide, it will be at least 10 years before autonomous cars will become a factor in driving. A recent survey of insurance executives carried out by consultants KPMG found that 84 pc of executives don’t see any significant impact on their business until 2025. Nearly three Read More..
Robert Bosch has taken out a 100 million euro insurance policy to safeguard its operations against cybercrime, according to a report in the German newspaper Sueddeutsche Zeitung. The policy was issued by a consortium led by German insurer Allianz, according to the report. It also includes industrial insurance specialist Ace ad the Zurich Group. The Read More..
Emergency braking systems would go a long way toward further reducing pedestrian casualties in traffic accidents, according to a study conducted by the German insurance industry. The study, carried out by the accident research unit (UDV) of the German Insurance Association (GDV), found that, in a collision between a car and a pedestrian, the speed Read More..
InsurersÂ are increasingly offering voluntary programs that use telematics devices to track driver behavior, according to the US Insurance Information Institute. The III, an insurance industry lobbying group, said in a press release that insurers have long used policyholders’ reported mileage and driving records to calculate rates. But now, it said, telematics “are taking estimates out Read More..
UK vehicle-tracking systems maker Quartix has signed a contract to provide 1,200 telematics systems a month to Coverbox, a pay-as-you-drive insurance brand. Coverbox is a so-called â€œsmart insurance product,â€ which helps insurers monitor driving behavior through the use of telematics and data analysis. The service also lets insurance companies charge policyholders for vehicle insurance based Read More..
A survey of US auto insurance policyholders shows that more than 75 percent would happily share driving data gathered through telematics systems if it would help reduce their premiums. According to the survey, which was conducted by Lynx Research Consulting for LexisNexis Risk Solutions, 57 percent of policyholders are comfortable sharing information about events that Read More..