Canadian Underwriter

Calgary brokerage partners with UK telematics firm

March 8, 2018   by Staff

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ci0717-telematicsCalgary-based insurance brokerage InsureMy Inc. has become the exclusive Canadian distributor of a telematics offering aimed at young drivers.

The Drive With Carrot app—park of UK auto insurer Carrot’s New Driver program—allows new drivers to track and self-regulate their driving behaviour. Drivers get a score for each trip and recommendations on how they can improve their driving habits. They can also receive cash rewards for good driving habits issued through a reloadable credit card, with the potential to earn a maximum of $200 per year.

Related: Has telematics stalled?

Carrot Insurance is part of the Trak Global Group, a British telematics firm founded in 2009.

“The partnership with Trak Global just made sense,” Hugh McTavish, president of InsureMy, said in a news release. “They’ve implemented this program in the UK and countries across the globe with stellar results.”

InsureMy has offices in Calgary and Kitchener, Ont.

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This story was originally published by Canadian Insurance Top Broker.