| September 25, 2014 Discovery Limited Partners with Cambridge Mobile Telematic to Transform Auto Insurance
For anyone following things related to the "connected car", you are aware that the information being generated from those smart cars is of more than casual interest to auto insurers. In fact, the emerging field of "behavior-based" auto insurance is poised to transform the way all of us buy policies as new rates are introduced based on our driving habits and skills, and we are rewarded for good driving.
This is a global phenomenon as illustrated by the announcement that South Africa-based global insurer Discovery Limited has reported a strategic partnership deal with Cambridge Mobile Telematic. The reason this is such a ripe area comes from an estimate by ABI Research (News - Alert) that the monitored driver population with grow from 1.85 million during the baseline year of 2010 to over 89 million by 2017. It is an estimate that given the pace of connected car activity may conservative.
Discovery Limited said the deal will further bolster the current productive relationship between its auto- term insurance arm, Discovery Insure, and CMT...Read More
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