Insurance continues to evolve with the help of telematics, and one new program could be an IoT (Internet of Things) game changer. The State Auto Insurance Companies have selected CMT (Cambridge Mobile Telematics), www.cmtelematics.com, a smartphone telematics provider, to develop a smartphone telematics program using CMT’s DriveWell technology and analytics. CMT’s smartphone-based telematics program automatically detects when a drive starts and stops, and uses a variety of sensors on the phone to measure how the vehicle is driven, with very limited impact on battery life. Trip data is passed to CMT’s data science and analytics engines, which generate deep insights on driving behavior and actionable, personalized feedback for drivers. CMT’s program has proven that drivers can improve significantly, showing on average a 35% reduction in phone use and 20% reduction in hard braking after 30 days of enrollment in the program. The development of this type of technology and telematics program is a step towards more safe drivers on the road.
Massachusetts-based State Auto Insurance Companies is partnering with Ohio firm Cambridge Mobile Telematics (CMT) to develop a telematics app to monitor and improve driver behaviour. CMT’s DriveWell technology uses sensors to determine how well a vehicle is being driven. Data is fed back to the firm's science and analytics engines, which is presented as feedback for drivers. CMT said its results include a 35% drop in mobile phone use and a 20% reduction in hard braking after 30 days of using the system.