HUK-COBURG, one of Germany’s leading auto insurers has announced the launch of its new telematics insurance program, “Telematik Plus”. It will be replacing HUK-COBURG’s previous telematics offering and will be available to everyone regardless of age. The company for this is partnering with Cambridge Mobile Telematics (CMT).
The auto insurer over the years has built an entire telematics infrastructure and has developed know-how relating to big data processing thus laying the groundwork for the product.
The telematics solution will use CMT’s technology to advance engagement, risk modeling and driver safety to HUK’s customers. It builds upon CMT’s DriveWell platform.
Telematik Plus users will receive a 10 percent discount upfront, and then be able to save up to 30 percent at renewal depending on their driving style.
Customers who enroll in Telematik Plus receive a free sensor which attaches to the inside of the windshield. With the DriveWell tag, driving data generated from the sensor is recorded and analyzed in combination with the Mein Auto customer app.The app gives drivers specific feedback on their driving and updates them on their discount.
In addition, drivers can request help after an accident or when their cars break down. Over time, HUK-COBURG also plans to expand its offering with additional value-added services.
Source: Press Release