Cambridge Mobile Telematics Announces Partnership With Aioi Nissay Dowa Insurance to Develop Behavior-Based Telematics Program
Joint venture between telematics leader and global insurer
brings a behavior-based telematics program to Japan.
CAMBRIDGE, Mass., Aug. 30, 2016 /PRNewswire/ -- Cambridge Mobile Telematics
(CMT), a leading telematics technology provider, announced a strategic
partnership with Aioi Nissay Dowa Insurance (ADI), a global insurance company,
designed to bring a behavior-based telematics program to Japan.
With behavior-based insurance quickly gaining
momentum, insurers are seeking innovative ways to introduce telematics to their
customers. Over the past five years, CMT has pioneered behavior-based insurance
with smartphones, and has seen successful deployments with leading customers and
partners in North
America, Europe, Africa, and Asia. CMT's
DriveWell is a complete
telematics and behavioral analytics solution, to improve safety for the
connected car world. DriveWell provides actionable insights on driver behavior
and vehicle dynamics to auto insurers, vehicle fleets, auto makers, wireless
carriers, and government agencies, and is being used successfully in a wide
range of applications.
According to the Global Status Report on Road Safety
assembled by the World Health Organization in 2015, over 1.25 million people die
from traffic accidents each year, with millions more sustaining serious
injuries. Because of this major global issue, improving driver safety is a
primary goal for both organizations.
"By partnering with Aioi Nissay Dowa Insurance, we are
expanding our powerful innovations in smartphone sensing and data analytics with
a leading insurer who is committed to improving safety and convenience for their
clients," said William Powers, Chief Executive
Officer, Cambridge Mobile Telematics. "We are focused on aligning with companies
that share the same vision – to make drivers and roads safer globally."
At the beginning, ADI started to use Visual Drive, a
customized version of DriveWell for their company vehicles. Visual Drive allows
drivers to monitor hard braking, abrupt acceleration, hard cornering, and phone
movement for every trip taken all while having very limited impact on battery
life. Each trip is logged and trip summaries are displayed with mapped routes
complete with identified events and an overall trip score. ADI expects Visual
Drive to contribute to fewer accidents and safer driving.
About Cambridge Mobile Telematics Cambridge
Mobile Telematics (CMT) makes roads and drivers safer around the world. Founded
in 2010 by two MIT professors and experienced
entrepreneurs, CMT pioneered telematics for behavior-based insurance (BBI) and
deployed the first solution to provide both traditional vehicle-centric UBI and
BBI. With over 20 customers in 14 countries, CMT has a proven record of changing
driver behavior: an average reduction of 35% in phone distraction, 20% in hard
braking, and 20% in at-risk speeding all within less than 30 days of using the
program. For more information, please visit cmtelematics.com and follow on Twitter@cmtelematics.
About Aioi Nissay Dowa Insurance Aioi Nissay
Dowa Insurance (ADI) is responsible for non-life insurance business, which is a
core business of the MS&AD Insurance Group; ADI is leveraging its strong
relationship with the Toyota Group and the Nippon Life Group and engaging in
business based on close relationships with local communities. For more
information, please visit aioinissaydowa.co.jp.