Published: September 3, 2015 | Arlington, VA, United States
Global professional services company Towers Watson and Cambridge Mobile Telematics (CMT), a telematics technology provider using advanced mobile sensing, data analytics and behavioral science, announced an agreement to provide a jointly developed comprehensive usage-based auto insurance (UBI) solution and other value-added telematics analytics services to customers. The offering is intended for a variety of vehicle telematics stakeholders and will be available globally except in Canada and South Africa.
The joint offering will include Towers Watson’s DriveAbility program, analytics and insurance expertise combined with CMT’s flagship DriveWell smartphone telematics solution and lightweight hardware Tag option. The venture brings to market a comprehensive smartphone UBI solution that can be implemented by insurance carriers within the automotive property & casualty market, auto and truck original equipment manufacturers, consumer telematics device providers and end customers of mobile network operators.
Source: Towers Watson