Telematics
How is connected car technology reshaping premiums based on individual driver behaviour?
’As technology advances with connected cars, the accuracy of the personalisation for car insurance premiums will only improve,’ says head of retail specialty trading
Paul Stacy: Market conditions ‘perfect’ for better application of telematics data
’Without these vital ingredients, usage-based insurance propositions are unlikely to deliver reduced claims frequency and improved underwriting performances,’ says chief executive
Briefing: Autonomous journey will test insurers’ ability to navigate risks
New research out of Australia has provided yet more evidence of the risks insurers will have to consider when truly autonomous vehicles hit the roads
Is telematics undergoing a mass market transformation?
’If adopted on a mass market basis, then it can cater to all,’ says chief data officer
Copart UK continues expansion with new storage facility
’Expanding our provision of storage capacity is vital,’ says chief executive
Car insurance premiums seeing ‘alarming acceleration’ – Consumer Intelligence
’The motor insurance market is witnessing unprecedented premium inflation,’ says insight manager
Is telematics reaching a tipping point?
The industry and technology has moved on from the traditional notion of a black box, but are customers finally seeing the advantages of telematics motor insurance policies?
Howden announces UK launch of telematics service to help cut motor premiums
Chair says changing market dynamics ’are encouraging insurers to consider telematics applications to help reduce insurance premiums’
The Big Question April 2023: How can the insurance industry help improve current motor repair network models?
Repairers are key to the success of settling motor claims, but the sector continues to face significant challenges. Insurance Times asks industry leaders where firms can help
Average motor insurance costs saw largest recorded year-on-year jump – Consumer Intelligence
Premiums decreased for under 25s, while costs increased significantly for those aged over 50
Liz Bilney: Brokers ‘begging’ for capacity encourages ex-Somerset Bridge Group boss to create new insurtech
The new business will first focus on providing non-standard motor products before eventually creating its own distribution arm
Telematics allows consumers to take an ‘active part’ in their risk profile – Redtail Telematics
The positive environmental impact of the technology can also help sell the concept to consumers, says chief executive
Markerstudy-owned firm aiming to ‘transform’ commercial fleet safety with AI proposition
The technology could cut claims costs by £2,000 per detected claim
Proprietary insurance data has influenced changes to Tesla vehicle design – Elon Musk
The US-based billionaire told investors that insurance data had provided a useful feedback loop for manufacturing process alterations
Adam Winslow: Retail business and HNW will form ‘the key axis of growth’ for Aviva’s personal lines arm in 2023
UKGI chief executive outlines where Aviva is aiming to expand this year across both personal and commercial lines – although eTrading ‘remains a big area of focus’
Aviva launches new young driver insurance product
Quotemehappy Connect will allow young drivers to earn cheaper premiums via safer driving while providing personalised advice to less safe motorists
Marmalade launches pay-as-you-go motor insurance for new drivers
The policy will be underwritten by Ageas and allows young drivers to only pay for the miles that they use
Insurance Times Awards 2022: Sentiance uses ‘digital coaching techniques’ to mitigate ‘risky behaviour’
David Damen, chief technology officer at Sentiance, explains why his business should win the Excellence in Technology - Customer category at the 2022 Insurance Times Awards
Insurance Times Awards 2022: Matrix IQ wants to demonstrate ‘how existing technology can deliver better insights’
Phil Powell, chief revenue officer at Matrix IQ, tells Insurance Times why he believes the firm deserves to win the Excellence in Technology – Customer category at the 2022 Insurance Times Awards
Insurance Times Awards 2022: Samsara’s technology sees fleet claims decrease by 30% over policy term
Jack Burton, insurance partnerships lead for Europe, Middle East and Africa at Samsara, reveals why the company should win the Excellence in Risk Management category at the 2022 Insurance Times Awards