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The next revolution in telematics: An insurer partners with an automaker to collect data

October 7, 2020 by Adam Malik

An American auto insurer has partnered directly with a car manufacturer to get access to driver data and provide insurance coverage based on that information — and one Canadian expert thinks it’s a viable idea that could gain traction here.

News InsuranceTechnology

Why it’s hard to make telematics ‘commercially viable’ in Canada

August 13, 2020 by Greg Meckbach

If regulators continue to prohibit auto insurers from imposing surcharges when they detect risky driving behaviour through telematics, it will be difficult for usage-based insurance to be commercially viable, an Aviva Canada data science expert suggests. “Telematics is a good

News Insurance

How telematics impacts auto insurer’s risk

May 29, 2020 by Greg Meckbach

Auto clients who think they are paying too much should consider telematics, the co-founder of LowestRates.ca suggests. With telematics, or usage-based insurance, the client normally installs an app on their smart phone or hardware into their vehicle diagnostic port, the

News Insurance

What surprises Intact about recent driving habits

May 11, 2020 by Greg Meckbach

Canada’s largest property and casualty carrier observed a 50% drop after the middle of March in the distance driven by its auto clients, but the insurer’s usage-based telematics data suggest driving has started to pick up in recent weeks at

News InsuranceLegislation / RegulationTechnology

How Intact is changing usage-based auto insurance in one province

October 21, 2019 by Greg Meckbach

Intact Insurance is making some key changes to its usage-based insurance (UBI) product for motorists in Nova Scotia. Essentially, the company is requiring continual monitoring of an insured’s driving behaviour rather than having the same discount apply until the end

News ClaimsInsurance

Why the brewing battle over vehicle data ownership matters to insurers

August 28, 2019 by Adam Malik

Collision claims are approaching “a new era” of data collection, intensifying the debate between the insurance industry and vehicle manufacturers over who owns the data. Thanks to the advent of connected vehicles, data generated in these cars provide valuable information

News BrokersClaimsInsurance

What’s the most dangerous form of driving? What telematics tells us…

August 27, 2019 by Adam Malik

When it comes to the most dangerous form of aggressive driving, speed stands above the rest as most likely to cause a crash. Research from the University of Waterloo has found that speeding is more likely than hard braking, hard

News InsuranceTechnology

How usage-based insurance affects this carrier’s profits

April 12, 2019 by Greg Meckbach

Pembridge Insurance Company is asking brokers in four provinces to tell auto clients how much they could save by using a usage-based insurance app. Some motorists do not want usage-based insurance, Bob Tisdale, president of Pembridge, said Friday in an

News InsuranceLegislation / RegulationTechnology

How this insurer detects distracted drivers

January 11, 2019 by Greg Meckbach

Canada’s largest property and casualty insurer is checking to see whether some of its auto insurance clients are using their phone while driving. If your auto client is insured by Intact under its My Driving Discount program, Intact can detect

News InsuranceTechnology

Will telematics make territory-based rating a thing of the past?

July 24, 2018 by Greg Meckbach

The use of telematics in pricing auto insurance is going to become more “prevalent,” and a major property and casualty insurer is trying to use the technology to get a better idea of driver risk, speakers said during a recent

News InsuranceTechnology

Intact reports ‘world of difference’ with telematics

June 20, 2018 by Greg Meckbach

Hard numbers showing the impact of telematics remain elusive, but Canada’s largest property and casualty insurer says the technology does separate the good risks from the bad. Telematics is a vehicle diagnosis technology that collects data such as distance travelled,

News BrokersInsuranceTechnology

Why this broker takes exception to usage-based auto insurance app

June 19, 2018 by Greg Meckbach

Usage-based insurance has raised the profile of insurers on consumers’ electronic devices, and this could be bad news for some brokers. Several auto insurers are using UBI to offer discounts based on data gather from telematics. That technology lets insurers