UBI 2.0 Weekly Brief—9.10.2012

UBI 2.0 Weekly Brief—9.10.2012

In this week's Brief: Insurance Telematics USA 2012, Towers Watson, Octo Telematics, TomTom, BMW, Garmin, Chrysler, Hyundai, Nokia, Google, Stollmann, Philips & Lite, Funkwerk Dabendorf, and Qualcomm

Thought leaders from top car insurers, telematics providers, and auto OEMs descended on Chicago, Illinois, for the annual Insurance Telematics USA Conference. The conference highlighted through a series of keynotes and panels the panoply of UBI products now on the market or in development from top insurers in the States.

More importantly, it focused on the real challenges the emerging industry still faces, as companies wrestle with how to increase market penetration, minimize costs, and optimize data usage. Over the course of the two-day conference, a new term came to the fore—“UBI 2.0”—which captured the need to make the next generation of UBI products more streamlined and consumer oriented.

“Too many customers accept the data that they're given; they should determine what data they need," said Robin Harbage, director of Towers Watson, in his keynote address.

(For a full recap on Insurance Telematics USA 2012, see our Day One and Day Two wraps.)

At the conference, Octo Telematics announced the addition of specialized crash management services for its UBI programs in the U.S. Octo launched the U.S.-based wing of its company a year ago and since has launched seven insurance telematics programs in the U.S.

The crash managment services will detail a vehicle’s whereabouts for prompt assistance in the event of a crash and provide advanced crash kinematics and dynamic reconstruction, which helps drivers, passengers, and insurance companies’ claim departments.

Elsewhere, TomTom reached an agreement with BMW to integrate TomTom’s GO LIVE portable navigation devices into select models of BMW 1 Series, 3 Series, X1 and X3 cars. BMW dealers across Europe can now install customised TomTom devices designed to connect with BMW’s existing in-car entertainment systems.

Services will include real-time traffic information, navigation directions, and a temporary mute function that ensures drivers can hear navigation instructions as well as phone conversations over other audio sources.

Stride for stride with its PND competitor, Garmin announced an agreement with Chrysler to build a Garmin navigation solution into Chrysler vehicles.

The nav solution is part of the Chrysler Uconnect 8.4N infotainment system and includes several new features and enhancements, like 3D buildings and terrain views and junction views that will cover more than 60,000 intersections across the U.S.

The infotainment package with Garmin is available for the 2013 model year Chrysler 300, Dodge Journey, Charger and Dart.

Hyundai in the Netherlands partnered up with Nokia’s NAVTEQ to offer a map update package for new Hyundai drivers. The five-year NAVTEQ MapCare map update package will provide new car buyers with free annual updates when they bring their vehicles in for annual service.

The updates will be installed via USB stick and will feature extensive NAVTEQ Map coverage of Western and Eastern Europe, plus Russia and Turkey. The Netherlands program is a pilot with a view to rolling out to Hyundai operations across Europe.

Google launched turn-by-turn navigation for drivers in India via its Google Maps Navigation, which is still in beta. The nav service will leverage other features already available in Google Maps Navigation, like real time updates on traffic and POIs optimized by location.

Google already offers live traffic services on Google Maps in India; the navigation component will be a free add on to the Google Maps for mobile app.

Stollmann, Philips & Lite, and Funkwerk Dabendorf joined together to pursue a new solution for in-car smartphone integration. The package will harness near field communication (NFC), wireless charging, a universal antenna coupling and the customized display of the smartphone surface in the vehicle's head unit display.

The companies believe this combo will ensure 100 percent compatibility and versatile use, including the transmission of personalized information about the driver such as radio station, seat and mirror pre-settings.

Qualcomm released a new edition of its trailer tracking platform, Trailer Tracks 210, which now includes an embedded solar charging system and a one-piece hardware configuration that allows for easy installation.

As with previous iterations of the platform, TT210 is accessible for private and for-hire fleets of all sizes and provides timely information about the location and status of trailers for more efficient planning, enhanced productivity and improved security.

“To be profitable, fleet managers must ensure all resources are being used to maximum capacity and they can’t do that if they lack real-time insight where trailers are located, which ones are in-use and loaded versus empty,” says Norm Ellis, vice president of sales, services and marketing for Qualcomm Enterprise Services.

For exclusive insurance telematics business analysis and insight, read TU’s Smart Vehicle Technology: The Future of Insurance Telematics report.

For insights into the telematics market in Latin America, see Special Report: Telematics and emerging markets or attend the Telematics Brazil & LATAM 2012 conference in Sao Paulo, September 12 and 13.

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