Truth in Motion
Insurer Use Case: Strategy in a data-driven world
Data has unquestionably changed the way property and casualty insurers function in today’s marketplace, namely by offering access to more information about customers and prospects than ever before. What insurers do with their data is often the subject of discussion, especially when it comes to defining strategic goals and objectives and then executing on them. […]
Can UBI be a Vehicle to Improved Loss Ratios?
It’s common knowledge that the auto insurance industry is experiencing its share of challenges right now related to combined loss ratios. In fact, since 2012 auto insurance rates have increased in all states–and for all drivers–even those with flawless driving records. We all know that this approach to selling auto insurance doesn’t lend itself to […]
BTW w/ Dr. Nick Arcolano: Data and Behavioral Scientist
Nicholas Arcolano does some cool stuff here at TrueMotion. A Senior Data Scientist, he is in the thick of all things data analysis and product development. Example one: he leads a TrueMotion data science pod that is diving into what drivers are doing behind the wheel in the immediate lead-up to an accident–and how those […]
Announcing Mojo – The App that Rewards Safe Driving
Today we announced the launch of our latest driving safety app, Mojo – an app that rewards distraction-free driving. The iOS app is available for download today from the Apple App Store. The Android version will be released later this month. ABOUT THE APP Mojo provides concrete feedback and incentives to help users reduce distracted driving. The app […]
Wall Street Journal Addresses Distracted Driving
Distracted by their smartphones, America’s drivers are becoming more dangerous by the day. That is pushing auto-insurance rates higher as insurers struggle to keep up. Costs associated with crashes are outpacing premium increases for some companies, according to insurers, and they say the use of smartphones to talk, text and access the internet while on […]
The Anatomy of Distracted Driving
A key indicator of risk is a driver’s distraction habits is how much and in what ways the driver chooses to use their smartphone during vehicle operation. Our technology measures a driver’s phone use, including their tendency to make phone calls while driving and non-call usage habits, such as their propensity for texting or web browsing while driving. Categories […]