A data-dilema is putting the brakes on sales of motor insurance linked to telematics. One of the main obstacles to telematics uptake is that many drivers (56%) are not comfortable sharing personalised driving data with providers, as they might be nervous of being badged a bad driver. Of those who have not purchased a telematics policy, nearly one in … [Read more...]
Tradelines 5 September
The battle for global SUV sales is a neck-and-neck fight between the long established Toyota RAV4 and the rapidly gaining new VW Tiguan. Under 4,000 units globally separate the two with the German model gaining every month and a long way behind them in third is the best seller of 2016, the Honda CR-V, say Focus2Move analysts. The new Vauxhall Combo van … [Read more...]
Admiral launch “Littlebox” for vans
Welsh-based insurer Admiral has launched a telematics van policy to ‘drive down’ costs for customers and reduce the number of vans that are stolen every year and not recovered. Admiral is first major insurer to introduce telematics for van drivers with the launch of Littlebox for Van. It aims to meet the growing demand for ‘black box’ insurance … [Read more...]
Tradelines 18 October
Global revenue from automotive telematics systems will grow at a compound annual rate of nearly 17 percent to more than $6.7 billion by the end of 2023, according to IHS Markit. The data represents production of factory-installed telematics systems, including embedded, consumer electronics (CE) and hybrid telematics. … [Read more...]
Computer says…. “no go”
Technology could halve unexpected breakdowns by 2020 according to telematics expert In-car Cleverness, as data increasingly helps drivers identify malfunctions before they occur. Harnessing this data would slash repair bills by £1.3 billion annually, as the one in four vehicles which breakdown annually could be inspected before they fail. Curtailing … [Read more...]
