OCTO Telematics today announced a new agreement with Ford Motor Company to extend its data streaming partnership into Europe. This builds on the initial agreement signed in the North American market
Last week, Elon Musk announced Tesla's intent to launch a UBI (Usage-Based Insurance) product in Texas, starting in October. This came after GM's and Ford's recent launches of telematics insurance programmes.
In its latest research, PTOLEMUS Consulting Group has found that connected car insurance is increasingly replacing traditional car insurance, driven by the COVID pandemic but also OEMs’ own initiatives. Dr Andrew Jackson, Research Director, said:“ When car usage collapsed during the COVID-19 lockdowns, policyholders demanded prices based on actual mileage.
Auto Insurance News: Automakers are about to shake up the auto insurance industry theautochannel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theautochannel.com Daily Mail and Mail on Sunday newspapers.