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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

News ClaimsInsuranceTechnology

The untapped potential of telematics in auto claims

June 12, 2018 by Greg Meckbach

Telematics, which records data on vehicle behaviour, is used now mainly for underwriting, but the technology can also provide a treasure trove of information for claims adjusters, one vendor suggests. Auto insurance claims adjusters could potentially use telematics to determine

News InsuranceTechnology

How telematics affected this insurer’s loss ratio

June 10, 2018 by Greg Meckbach

Could Canadian insurers cut auto claims costs by 15% by using telematics? Perhaps, if they could somehow import the experience of European insurers. An unnamed European insurer compared its auto insurance customers who were using telematics with its customers who

News Brokers

Broker training underway for new distance-based auto insurance

May 23, 2018 by Greg Meckbach

Brokers selling auto insurance written by the CAA Insurance are now getting trained on a new product targeting low-mileage drivers. All 41 of CAA Insurance’s broker partners “are being trained on all aspects” of MyPace, CAA Insurance president Matthew Turack

News InsuranceTechnology

‘Lots of people don’t like telematics,’ insurer reports

December 14, 2017 Greg Meckbach, Associate Editor

Opportunities for “broker-driven” usage-based auto insurance are likely to be down the road, but brokers are telling a large Canadian mutual that their insurance customers don’t want their insurers monitoring how they use their vehicles. “Our brokers are advising us

News InsuranceMergers and AqcuisitionsTechnology

Octo completes acquisition of Willis Towers Watson’s UBI assets

December 11, 2017 David Gambrill, Editor-in-Chief

Octo Telematics, a global provider of telematics for the auto insurance industry, has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson. Octo’s acquisition includes Willis Towers Watson’s DriveAbility solution and the DriveAbility Marketplace. Geoff Werner