UBI in 3D Weekly Brief—5.13.2013

UBI in 3D Weekly Brief—5.13.2013

In this week’s Brief: HIMEX, Wunelli, SSP, Deutsche Telekom, DriveFactor, Lysanda, The Association of British Insurers, Cadillac, Bosch, QNX, and Renesas Electronics Corporation

For two days this week London sat on the frontier of the insurance telematics industry as insurers, device manufacturers, and telematics companies descended on the city for the Insurance Telematics Europe 2013 conference (See our expanded coverage of the event here). A number of organizations made announcements or unveiled new products at the event.

Among the most intriguing of them was a new solution from HIMEX that seeks to blend 3D virtual worlds and gamification to make usage-based-insurance (UBI) offerings more attractive to consumers. “UBI 3D” creates a 3D online interface in which drivers can see their journeys virtually rendered and can watch their own driving performance each day.

The gamification component allows drivers to compete in this virtual world against other drivers for top status on a leaderboard for safe driving performance, with discounts at local businesses going to the top performers. Insurers meanwhile can track the same data to determine premiums.

“Launching a UBI product successfully requires flawless integration with a carrier’s systems, expert management of data and devices, and superior policyholder support,” said Bob Mathe, president of HIMEX, at the Insurance Telematics Europe event. “We enable insurance carriers to configure usage based insurance products for their brands and launch UBI 3D programs within 120 days.”

Telematics company Wunelli meanwhile launched a new insurance telematics solution with insurance technology company SSP specifically catered toward local independent insurance brokers.

SoteriaDrive will use smartphones as a recording device for driving behavior; SSP insurance brokers will provide clients with a link to the SoteriaDrive app, which will use smartphones to record driving behavior and create a driving footprint. That footprint will then help determine premiums and streamline the claims process.

Wunelli says its apps are 99 percent accurate compared to black boxes.

Deutsche Telekom, in conjunction with telematics company DriveFactor, launched a new UBI solution for insurance companies. The solution starts with a self-installed device that plugs into the car’s OBD-II port.

The device then relays driver-behaviour data to DriveFactor after each journey by way of Deutsche Telekom’s cellular phone network to determine risk and premiums. The solution comes with a smartphone app to enhance the customer interface.

Deutsche Telekom is rolling the product out in Germany and the U.K. first.

Lysanda unveiled a new line of connected car technology for the insurance and fleet space. Named “Eco-Log Assist,” the solution combines driver behaviour analysis with empirical risk/rate evaluation to support forensic accident reconstruction and to reduce insurance claims.

The goal is to give insurance providers and fleet managers detailed analysis of driver behaviour and forensic accident reconstruction data, which will give insurance companies and fleet operators empirical information to defend claims and reduce costs.

Finally, the Association of British Insurers (ABI) rolled out two new guides to help define the UBI market in the U.K.

The first of the guides is for consumers and aims to steer them through the various UBI offerings on the market today and what to expect as far as black boxes, cost, benefits, and safeguards.

The second guide is for insurers and establishes best practice in terms of quality of devices and protecting consumer data.

Elsewhere in telematics news, a week after Cadillac announced that it was taking its Super Cruise autonomous driving solution into the pilot phase, Bosch revealed that it has rolled out a fleet of experimental autonomous vehicles that harness radio and video sensors and is testing them on public roads in Germany.

During the trials, Bosch will put its new self-steering and self-driving technologies under the pressures of daily driving—from bumper-to-bumper traffic to cruising on open roads. The first phase will be conducted on the Autobahn with drivers behind the wheel for security.

QNX and Renesas Electronics Corporation teamed up to make it easier and faster for auto OEMs to build advanced infotainment platforms. The result fuses Renesas’ R-Car SoC (system on chip) platform into the QNX CAR application platform.

“Renesas and QNX have a long history of collaboration in successful production programs and, together, we can provide pre-integrated solutions to help customers stay competitive in the global automotive market,” says Linda Campbell, director of strategic alliances at QNX Software Systems.

The Weekly Brief is a round-up of the week’s top telematics news, combining TU analysis with information from industry press releases.”

For exclusive business analysis and insight about telematics applications, see Industry Insight: Telematics and Apps

Coming up in 2013: Data Business for Connected Vehicles Japan 2013 on May 15-16 in Tokyo, Telematics Detroit 2013 on June 5-6,Content & Apps for Automotive Europe 2013 on June 18-19 in Munich, Insurance Telematics USA 2013 on September 4-5 in Chicago, Telematics Russia 2013 on September 9-10 in Moscow, Telematics LATAM 2013 in September in Sao Paulo, Brazil, Telematics Japan 2013on October 8-10 in Tokyo and Telematics Munich 2013 on November 11-12.For exclusive telematics business analysis and insight, check out TU’s reports on In-Vehicle Smartphone Integration Report, Human Machine Interface Technologies and Smart Vehicle Technology: The Future of Insurance Telematics.

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