Telematics
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?
Post magazine – 22 March 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Insurance bosses invited to discuss common standard for telematics
Executives from some of the UK's biggest insurance firms will sit down next month to discuss the formulation of a common standard for issues surrounding telematics data ahead of an expected boom in demand.
Editor's comment: Insurers must be socially mobile
Joining a party too late can be disastrous. Not least because the early attendees may have drunk the place dry.
Labour MP's telematics stance supported by Accenture survey
Drivers of all ages would respond favorably to calls from Labour’s shadow transport minister to force insurers to offer telematics technology as a matter of course, according to an Accenture study.
Labour wants to force insurers to offer telematics
Labour wants to see every insurance company being forced to offer drivers at least one black box product, according to the Daily Mail.
Close to offer telematics premium finance
Close Premium Finance is to back AA Insurance's new telematics offering, AA Drivesafe, taking monthly direct debits for varying amounts depending on the insured's driving style.
Brokers 'very positive' on in-vehicle management technology rollout
Equity Red Star CEO Ian Foy has hailed the rollout of in-vehicle management technology Equitrack, claiming that brokers have responded favourably to the belief that the launch will drive down costs and claims.
Coverbox data to convince insurers to change underwriting of motor risks
Telematics insurer Coverbox is to send selected insurers a report analysing 250 million miles of vehicle journeys that it claims will change the way car insurance premiums are set.
Telematics: Aggregators - the future of motor insurance
As young drivers are priced out of the market, could the emergence of telematics bring an end to the dominance of the traditional big four aggregators, as others seek to take a share of the market?