Data in the D-Riving seat
Deloitte has upgraded its D-rive driving performance app which leans on real-time driving data to provide insight into personal driving patterns. The app’s features driver trip analytics, with personalised scores for each trip, customised tips to improve driving habits and driving scores, as well as badges earned for miles driven and improved driving. Why does Deloitte have a driving app? Well, the consultancy’s D-rive unit sees mileage in driver-monitoring which can feed into car insurance programmes. Such telematics insurance initiatives track policyholder habits in exchange for savings on premiums.
And driver-monitoring is getting real traction. Aioi, a unit of leading Asian insurer MS&AD Insurance Group, has just acquired a 75% in Box Innovation Group, and that means taking over the underwriting activities of Insure the Box, which accounts for over half of the UK telematics insurance market.
“MS&AD believes in the technical evolution in the automotive sector, and that the future mobility trends will lead to a strong increase in demand for connected car solutions and services over the next 10 years,” says Aioi.
Insure the Box fits a telematics device to insured drivers’ cars enabling it to calculate how safely they drive by collecting data on speed, acceleration, braking and other driving habits. The company says drivers under 25 make an average saving of over £843 with telematics insurance.