When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind. But such tweets could help insurers to price premiums for individuals, with research suggesting a direct link between positive posts and a reduced…
The risk of U.K. drivers having an accident in the month following the clocks changing at the end of October* increases by 10 percent, according to Insure The Box, the telematics car insurance provider. And if they are driving between 5 p.m. and 8 p.m., when it’s both dark and busy on the roads, the…
Rearview cameras are expected to prevent nearly one-in-six police-reported backing crashes, an Insurance Institute for Highway Safety (IIHS) study has found. The IIHS is an Arlington, Virginia, headquartered independent, nonprofit research and communications organization dedicated to reducing highway crash deaths, injuries, and property damage losses, according to its website. The study compared rates of backing…
The number of live telematics policies in the UK exceeded three quarters of a million for the first time in 2016, according to annual research from the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from the leading telematics brands in the UK to determine the number of live policies which, on a…
UK motor insurance premiums hit their highest recorded levels in the fourth quarter of 2016 and rose more than five times the rate of inflation in 2016, as tax increases, increased repair costs and the rising costs of whiplash-style injury claims puts pressure on premiums, according to the Association of British Insurers (ABI). The new…
AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched a nationwide search to find Singapore’s best drivers with “AIG On the Go,” a telematics-based smartphone application. “AIG On the Go” scores drivers’ performance every time they get behind the wheel, using telematics to measure driving performance against a range of factors, including acceleration, braking,…
U.K. car insurance premiums rose 1.8 percent in the first quarter of 2017, with motorists now paying an average of £781 ($949), which is £110 ($134), or 16 percent, higher than average premiums paid in the same period last year, according to data compiled by Confused.com and Willis Towers Watson. A key factor in the…
UK insurer Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims in partnership with AI specialist Tractable. In what it describes as “a first” for the UK market, Ageas said the technology is now being used to help Ageas engineers verify the performance of its UK-wide repair networks in…
Ever wondered what your shopping habits say about your driving? Britain’s big supermarkets have. The two biggest, Tesco and Sainsbury’s, are offering discounts on financial products such as car insurance based on the predictability of people’s shopping, a step beyond the traditional route of price cuts in return for brand loyalty. Banks and insurance companies…
Minnesota motorists would be required to use hands-free devices when talking on the phone while driving under a bill that passed the state House on Monday night, after sponsors said the measure will cut down on distracted driving and save lives. The House approved the bill 106-21 with bipartisan support, though a few critics said…