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 policies and help to dispel the myths about … [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 motorists’ love-hate relationship with … [Read more...]