Telematics
Editor's comment: Slow demise or new dawn?
Six years ago, the Lloyd's Motor Underwriters Association was subsumed into the overall Lloyd's Market Association – a clear signal that a once powerful force in the car insurance arena had accepted its heyday was long behind it.
Technology: more cash to splash?
With global insurance spend on IT set to increase by 6% over the next year, will a similar trend emerge in the UK during 2012 and beyond?
Comment: Insurers must partner with car makers to capitalise on telematics
A wait-and-see approach could cost motor brokers and insurers dear, says Ofir Eyal.
Post magazine - 17 May 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Second motor summit puts whiplash and young drivers at top of agenda
A proposed panel of independent medical practitioners to tackle whiplash, and affordable cover for young drivers, topped the agenda at the second motor insurance summit at Whitehall, as Transport Secretary Justine Greening lamented there is "no one…
Your say: Death by data or real opportunity?
The insurance industry has struggled to exploit the true value of data, says Vince Chaney.
Greening to urge drivers to fit black box
Transport Secretary Justine Greening will urge young drivers and women motorists to have telematics devices fitted in their cars at this afternoon's second motor insurance summit, according to the Daily Mail.
Telematics will be compulsory within a decade, claims MDS boss
It could be impossible to get motor insurance without some sort of telematics device within 10 years, according to one provider.
Interview: Be Wiser chairman Mark Bower-Dyke - a convert to the cause
After joining the insurance industry for the money, Be Wiser chairman Mark Bower-Dyke shares his frustrations of short-termism and the lack of training, and explains why telematics is not the answer to the ills of the motor market.
Transport Select Committee seeks to clear up transparency
The Transport Select Committee's reports on motor insurance have proved contentious, with calls for transparency not resonating with insurers. Will the 13th report clear things up?
Wunelli boss cancels telematics discussion amid insurer support
Wunelli chairman Sandy Dunn has announced his decision to abandon an industry seminar exploring the merits of a common standard for telematics data, following "almost unanimous support" from insurers.
Post Blog: A telematics lesson from the US
With telematics growing in popularity, UK insurers should take a leaf from their American counterparts' book.
In series Competitive edge: Big data, big deal
Insurers welcome the availability of more information on their insureds, but the handling of so much data presents many challenges.
Quindell ups Ingenie investment to 19.7%
Quindell has acquired a further 16.4% of Ingenie, the insurance intermediary digital brand for young drivers, in exchange for £2.85m. The investment takes Quindell’s holding in Ingenie to 19.7%.
Insure the Box claims telematics cut young driver accidents by 40%
The use of telematics to encourage better driving had reduced young driver accidents by as much 40%, according to Insure the Box after an analysis of more than 300 million miles of driving data.
Co-op claims telematics cut accident rates by 20% and cost of claims by 30%
Co-operative Insurance has reported a 20% drop in car accidents among young drivers using telematics.
A&A adopts Claim Witness telematics system
Non-standard motor broker A&A Group is to adopt a new telematics system launched by Claim Witness Systems, which is backed by experienced insurance industry figures, such as Mark Boleat.
Allianz develops telematics strategy
Allianz is gearing up to deliver telematics-based motor products as it looks to recruit a telematics team.
Co-op Insurance creates new telematics role
Co-operative Insurance has created a new role on its product team to develop its Young Driver motor insurance proposition.
Co-op Insurance delivers £45m operating profit
Speaking to Post after the release of its results for the year end 2011, and following the announcement that Co-operative Legal Services has been granted Alternative Business Structure status, director of general insurance at Co-operative, David Neave,…
Your say: The reasons for standardisation
We would have been naive, here at Wunelli, to think our call for telematics data standardisation would not result in some debate, and we're pleased that it has - which is precisely why we are planning a think tank for all interested parties.
Your say: Treating telematics data fairly
Sharing customer data would, on the face of it, be illegal and against the public interest, says Mike Brockman.
Calls for telematics standardisation splits industry opinion
Rival firms raise question marks over Wunelli chairman Sandy Dunn's proposals
Roundtable: Technology collaboration - will the industry ever learn?
Could insurer and vendor fears over losing unique selling points be hampering the wider good of the industry?