February 11, 2015
Driveway Software and Pinnacle Actuarial Resources have teamed up to offer the auto insurance industry a coordinated usage-based insurance (UBI) approach that includes driver behavior scoring. Auto insurers can now leverage Driveway’s technology backed by Pinnacle’s rating, actuarial and regulatory …
May 19, 2014
The crossroads of auto insurance these days is telematics, the use of an electronic device to monitor how an automobile is being driven. The device monitors where a car is and how it is being driven, and, in theory, should …
September 5, 2013
San Francisco-based , a provider of smartphone-based telematics products for the usage-based insurance market, has introduced its SmartUBI Platform, a complete insurance telematics platform which includes a smartphone usage-based insurance (UBI) application, and cloud based analytics and portals. Driveway’s SmartUBI …
September 5, 2013
U.S. drivers are open to purchasing usage-based auto insurance (UBI) policies, or “pay as you drive” insurance, and are even more interested when told their premiums would go down, according to a survey. According Towers Watson, the results of its …
July 24, 2013
DriveFactor has partnered with Admiral Group plc to expand usage-based insurance (UBI) offerings throughout the U.K. Through this partnership, DriveFactor will power a version of Admiral’s Bell Safe Driver policy, which offers discounted auto insurance to U.K.-based drivers who apply. …
December 21, 2012
Progressive Insurance is making the intellectual property it owns available to companies interested in implementing usage-based insurance (UBI) programs under a new licensing program. Progressive said licensing may be available for UBI programs under the following terms: Term of Agreement: …
October 23, 2012
Allstate announced this month that it has expanded its usage-based auto insurance product, Drive Wise, to four additional states including New York and New Jersey. “Drive Wise rolled out in Colorado, Michigan, New Jersey and New York on October 8, …
August 28, 2012
Professional services firm Towers Watson is teaming with Hughes Telematics, Inc. (HTI), a Verizon company, to provide U.S. auto insurers with data services for usage-based insurance (UBI) programs. With the alliance, Towers Watson’s DriveAbility service offering will be powered by …
August 3, 2012
DTRIC Insurance will begin offering Akamai Rater, Hawaii’s first program that aligns individual driver behavior with auto insurance rates. DTRIC’s Akamai Rater uses a small, in-vehicle telecommunications device to capture information on a number of driving variables, including aggressive driving, …
July 23, 2012
Communications firm Sprint has begun selling driver tracking services to auto insurers. Sprint said its integrated, end-to-end usage-based insurance (UBI) services is designed specifically for the auto insurance industry. The company said it will be the first wireless carrier to …