Insurance Telematics

CalAmp to supply wireless tracking and monitoring devices to Modus for UBI services

United States: CalAmp CAMP +6.01% , a provider of wireless products, services and solutions has announced that it has begun commercial shipments of its advanced location-and-messaging units (LMUs) to Modus for use in their usage-based insurance (UBI) solutions offered by top insurers in the United States. Modus provides a full-service UBI solution including logistics, integration, application development, data warehousing, analytics, driver profiling and support, enabling automobile insurance companies to reduce the complexity of large scale deployments.

Brandon Johnson, Modus CEO and co-founder, said: “Our turn-key solution relies on continuous access to driver behavior data, and CalAmp’s LMU-3030(TM) product family delivers. The CalAmp devices collect and transmit vehicle speed, braking dynamics, cornering and impact data that we deliver to auto insurance carriers through our data analytics solution, leading to more accurate driver and policy rating while also improving the customer experience with valued added services”.

CalAmp’s latest LMU-3030 model feature high-sensitivity GPS for reliable location and tracking, robust cellular data communications, and patent-pending triple-axis accelerometer motion sensing technology for detecting aggressive driving maneuvers, such as hard acceleration, braking and cornering, as well as high-impact events. The “plug-and-go” LMU-3030 can be quickly and easily installed through its OBD-II vehicle data bus interface, providing direct access to vehicle information and fault codes that help assess location and operational characteristics. This powerful combination of functions and features provides the data and reliability necessary for UBI policy rating and other critical consumer telematics services.

Greg Gower, senior vice president and general manager of CalAmp’s Mobile Resource Management business, said: “Modus has a rich history in providing logistics services and application development for large scale deployments. These capabilities, along with a comprehensive product offering, have led to its explosive growth as an insurance telematics solutions provider. We are delighted to partner closely with Modus to supply a critical component that enables their market-leading UBI services.”
Source: http://www.marketwatch.com/story/calamp-to-supply-wireless-tracking-and-monitoring-devices-to-modus-for-usage-based-insurance-services-2014-02-18?reflink=MW_news_stmp

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