• Tue. Oct 19th, 2021

HUK-COBURG Partners with Cambridge Mobile Telematics to Launch Safe Driving Insurance Program

ByElla E. Kidwell

Apr 5, 2019

Content of Business Wire press release. The AP press team was not involved in its creation.

CAMBRIDGE, Mass .– (BUSINESS WIRE) – April 5, 2019 – Germany’s leading auto insurer HUK-COBURG announced its partnership with Cambridge mobile telematics (CMT) to launch “Telematik Plus”, its new telematics insurance program for drivers of all ages. Telematik Plus replaces the previous telematics offer from HUK-COBURG for young drivers.

“Over the past few years, we have built a complete telematics infrastructure, thus laying the foundation for the product that we now offer to everyone, regardless of age,” said Dr Jörg Rheinländer, member of the board of directors of HUK-COBURG. “We have invested heavily in the technology and know-how related to processing big data. Our new product builds on the experience we have gained so far.

Telematik Plus users will get an initial 10% discount and then can save up to 30% when renewing depending on their driving style.

“We have found a reliable partner with great technological expertise in Cambridge Mobile Telematics,” said Klaus-Jürgen Heitmann, CEO of HUK-COBURG. “In cooperation with CMT, we have developed an attractive, secure and easy-to-use telematics solution for our customers.

“Building on our successful DriveWell platform, we are excited to bring our technology to advance driver engagement, risk modeling and driver safety to HUK customers through the Telematik Plus program,” said Dr Hari Balakrishnan, Founder and Technical Director of CMT.

Customers who register for Telematik Plus receive a free sensor that attaches to the inside of the windshield. With the DriveWell beacon, the driving data generated by 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. Additionally, drivers can seek help after an accident or when their car breaks down. Over time, HUK-COBURG also plans to expand its offering with additional value-added services.

About the HUK-COBURG Insurance Group

With more than twelve million customers, HUK-COBURG is the leading insurer of private households traditionally offering products at competitive prices in the fields of motor insurance, liability / accident / property insurance and legal protection as well as private health insurance, life insurance and private pensions. Assurance. With a turnover of 7.7 billion euros in 2018, they are part of the ten largest German insurance groups. They have traditionally focused on car insurance: with more than 12 million vehicles insured, they are the largest car insurers in Germany. They are also one of the largest providers of home and liability insurance in the market. HUK-COBURG is headquartered in Coburg and had a total of over 10,000 employees at the end of 2018.

About Cambridge Mobile Telematics

Cambridge Mobile Telematics (CMT) aims to make the world’s roads safer using mobile sensing and IoT, AI and behavioral science. Since its first product launch in 2012, which helped establish the mobile usage-based (UBI) insurance category, CMT is today the global leader in mobile telematics and analytics. CMT’s award-winning DriveWell platform is used by leading insurers, fleet managers and mobile operators in more than 20 countries, improving the safety of millions of users. For more information, please visit cmtelematics.com and follow CMT on Twitter @ cmtelematics.

View the source version on businesswire.com:https://www.businesswire.com/news/home/20190405005062/en/

CONTACT: Media:

Cori Cagide

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: TRANSPORT TECHNOLOGY MOBILE / WIRELESS AUTOMOTIVE TRUCKING PROFESSIONAL SERVICES GENERAL AUTOMOTIVE INSURANCE

SOURCE: Cambridge Mobile Telematics

Copyright Business Wire 2019.

PUB: 05/04/2019 08:00 / DISC: 05/04/2019 08:00

http://www.businesswire.com/news/home/20190405005062/en



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