Reinsurance News
telematics
Customers are ready for telematics motor insurance products: Swiss Re
30th January 2023
There is a significant target market for telematics motor insurance products, a recent survey by IoT Insurance Observatory and the Automotive and Mobility Solutions team at Swiss Re has confirmed. Telematic insurance products have been going through years of development and refinement, despite this they are not mainstream yet, Swiss Re ... Read the full article
Swiss Re partners with insurtech Jooycar to boost auto insurance telematics
2nd November 2022
Global reinsurance giant Swiss Re has entered an alliance with Latin American auto insurtech Jooycar to boost auto insurance telematics benefiting small and medium-sized commercial fleets in Mexico. The insurtech will offer its fleet management service, "Fleetr by Jooycar", to the Mexican market, which it states was a success in its ... Read the full article
Sedgwick & Concirrus target fleet managers with new partnership
12th February 2020
Sedgwick, a provider of technology-enabled risk, benefits and integrated business solutions, has partnered with InsurTech Concirrus in order to bring their Quest Automotive risk management tool to the UK marketplace. According to an announcement on the new strategic partnership, this arrangement marks a first-to-market proposition for predictive analytics in fleet claims, ... Read the full article
RLI Transportation partners with IoT firm to enhance loss control resources
12th February 2020
RLI Transportation, a division of specialty insurer RLI Corp., has partnered with an Industrial Internet of Things (IoT) firm, Samsara, to provide relevant customers with enhanced loss control resources. Samsara, which boasts a growing suite of solutions, is a provider of sensors and software designed to manage vehicle fleets and industrial ... Read the full article
Swiss Re and Pioneer co-develop innovative telematics solution
17th October 2019
Global reinsurance giant Swiss Re has collaborated with car electronics company Pioneer to develop a first-of-its-kind telematics solution designed to provide insurers with more and improved personalised risk assessment. The innovative, co-developed solution is to be included in Swiss Re's telematics suite and as a result of the new partnership, the ... Read the full article
Berkshire Hathaway’s GEICO launches first telematics program
31st July 2019
GEICO, the auto insurance arm of reinsurance and investments giant Berkshire Hathaway, has launched and is trialling its first telematics product, named DriveEasy. The push into telematics based solutions to provide analytics and intelligence on driver performance has likely been driven by a desire to reign in claims costs, while charging ... Read the full article
Willis Towers Watson extends pricing software to telematics start-up Ticker
12th November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) is supplying the latest version of its Radar pricing software to Ticker, a new telematics insurer due to launch in early 2019. WTW said that its Radar Live and Radar Base solutions will enable Ticker to deliver more accurate decisions in pricing ... Read the full article
Munich Re launches telematics app with DriveFactor
12th January 2017
Munich Re continues to display its insurtech ambitions, launching a telematics application on the Apple and Android app stores in recent days, in partnership with CCC owned DriveFactor. Global reinsurance firm Munich Re is increasingly diving into the world of insurance technology (insurtech), as it seeks to understand how tech can ... Read the full article
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