Latest Telematics Headlines
All the headlines from our Telematics Topic Page, ordered by recency.
Octo Telematics Says It’s Freed from U.S. Sanctions After Execs Buy Russian Shares
May 2 2018 // Italy’s Octo Telematics, a global provider of telematics for the auto insurance industry, confirmed the completion of the purchase of 20 percent of the company’s shares by its Chairman Sir John Peace and Chief...
Octo Telematics’ Execs to Buy 20% of Russian Shareholder Stake, Paving Way for IPO
Apr 13 2018 // Italy’s Octo Telematics announced that its chairman and chief executive have signed a binding agreement to purchase 20 percent of Octo’s shares from Russian company Renova Holdings. This share purchase will...
Octo Telematics’ IPO Delayed After Sanctions Hit Russian Shareholder: Sources
Apr 12 2018 // Italy’s Octo Telematics has put a planned initial public offering on hold after sanctions were imposed on controlling shareholder Renova Holdings and on Renova’s Russian chairman, Viktor Vekselberg, two sources...
Israeli Firm Among Those Seeing Profit in Telematics Data
Feb 20 2018 // The road to profits is paved with good data. Every hour, a modern car processes about 25 gigabytes of information — the equivalent of about seven full-length high-definition movies — on everything from engine...
Tech Company Roost Forms Insurer Partnerships for Home Telematics Pilot
Feb 13 2018 // Roost, a provider of home telematics for property insurance carriers, has partnered with Erie Insurance to test customer engagement with its Roost Smart Water Leak and Freeze Detector device in order to prevent water...
Still an Uphill Climb for Commercial Auto Market
Feb 5 2018 // The difficult job of moving commercial auto insurance to a profitable place has not gotten any easier. More vehicles on the road thanks to a rebounding economy, more miles driven, distracted drivers and...
Telematics-Based Insurance Policies in UK Rise 30% to 975,000 in 2017: BIBA
Jan 25 2018 // The number of live telematics-based policies reached almost one million – standing at 975,000 in 2017, according to the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from the...
Telematics CEO: 5 Trends to Watch in 2018 in Auto Insurance
Jan 5 2018 // Auto insurance is experiencing its most seismic shift since it began over 100 years ago. If 2017 shook up the industry with an increasing number of carriers adopting mobile telematics programs for UBI, 2018 will break the...
Zurich Acquires Bright Box, Specialist in Telematics, Connected Car Technologies
Dec 22 2017 // Zurich Insurance Group announced it has purchased 100 percent of the shares of Bright Box HK Ltd. and its subsidiaries – an acquisition designed to increase its capabilities in connected car technologies and...
Octo Telematics Buys Usage-Based Insurance Assets of Willis Towers Watson
Dec 4 2017 // Octo Telematics, the the London-based provider of telematics for the auto insurance industry, announced it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson, which was...
Fighting Drivers of Commercial Auto Frequency, Severity
Oct 20 2017 // Litigation financing, distracted driving and unexpected verdicts are just some of the factors impacting commercial auto frequency and severity, according to panelists speaking at the 2017 Risk Management Summit this week...
Octo Telematics to Buy Usage-Based Insurance Assets of Willis Towers Watson; Partnership Announced
Oct 11 2017 // Octo Telematics, the London-based provider of telematics for the auto insurance industry, announced it will acquire the usage-based insurance (UBI) assets of Willis Towers Watson and will create a partnership with the...
Multi Award-Winning Telematics Company, The Floow, Brings Unique Coaching and Reward Services to the US Insurance Market
Sep 8 2017 // Sheffield, UK, September 8, 2017- Insurance telematics innovator, The Floow, is bringing its industry leading approach to the US market with the launch of its unique FloowCoach program and Rewards Services App at Connected...
Multi-Award Winning Telematics Innovator, The Floow, Opens First US Office
Sep 7 2017 // Sheffield, UK, September 7, 2017- UK based telematics innovator, The Floow, has announced the opening of its first US office in Detroit as it brings its industry leading approach to capturing and analysing mobility data to...
Home Telematics Startup Roost Raises $10.4M from Insurers
Aug 25 2017 // Roost, a developer of home telematics for property insurance carriers, raised $10.4 million from three international insurance industry companies. Aviva Ventures led the Series B financing; Desjardins Insurance and Fosun...
Willis Towers Watson, Tech Firm Roost to Form Home Telematics Testing Consortium
May 31 2017 // Global insurance consultant Willis Towers Watson is partnering with technology firm Roost to establish a claims data sharing consortium to help insurers test the effectiveness of water and fire smart home technologies. The...
XDimensional Technologies Announces Expanded Capability to Support Usage-Based Insurance and Telematics
May 24 2017 // Support for Usage-Based Insurance and Telematics allow Carriers, MGAs/MGUs, Program Managers, and Wholesalers to access new market opportunities Brea, CA, May 24, 2017 – Today, XDimensional Technologies announced the XD...
Parents Urged Not to Lie About Installation of Telematics Boxes in Cars
May 15 2017 // Insure The Box, the London-based black box car insurance provider, has urged parents to think twice about lying to their children about having a telematics box installed in their cars. Insure The Box was responding to...
Octo Telematics Offers Insurers Distracted Driving Scoring Feature
Apr 27 2017 // Octo Telematics is making available a distracted driving scoring and analysis feature within its suite of telematics products used by its more than 60 auto insurer customers. The scoring feature is available for both...
Driver Privacy at Risk when Telematics Data Stored in the Cloud: Researchers
Apr 10 2017 // Drivers’ private information can be compromised when stored in the cloud for usage-based insurance (UBI) programs, according to researchers. Using connected-device, or telematics, functions in vehicles, UBI programs...
