CAMBRIDGE, MASS. (BUSINESS WIRE), April 05, 2019
Germany’s leading auto insurer HUK-COBURG announced it is partnering with Cambridge Mobile Telematics (CMT) to launch “Telematik Plus,” its new telematics insurance program for drivers of all ages. Telematik Plus replaces HUK-COBURG previous telematics offering for young drivers.
“Over the last few years, we’ve built an entire telematics infrastructure, thus laying the groundwork for the product we are now offering to everyone regardless of age,” said Dr. Jörg Rheinländer, member of HUK-COBURG’s board of directors. “We’ve invested a lot in technology and know-how relating to big data processing. Our new product builds upon the experience we have gained so far.”
Telematik Plus users will receive a 10 percent discount upfront, and then be able to save up to 30 percent at renewal 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 telematics solution for our customers which is secure and easy to use.”
“Building on our successful DriveWell platform, we are delighted to bring our technology to advance engagement, risk modelling and driver safety to HUK’s customers via the Telematik Plus program,” said Dr. Hari Balakrishnan, founder and CTO of CMT.
Customers who enrol in Telematik Plus receive a free sensor which attaches to the inside of the windshield. With the DriveWell tag, driving data generated from 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. In addition, drivers can request 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 largest insurers for private households traditionally offering competitively priced products in the lines of motor insurance, liability/accident/property and legal expenses insurance as well as private health insurance, life insurance and private pension insurance. With a premium income of €7.7 billion in 2018, they are among the ten largest German insurance groups. Their traditional focus is on motor insurance: With more than 12 million insured vehicles, they are Germany’s largest car insurers. They are also one of the largest providers of home contents and personal liability insurance on the market. HUK-COBURG are headquartered in Coburg and had a total of more than 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 category of mobile usage-based insurance (UBI), CMT is today the world’s leading mobile telematics and analytics company. CMT’s award-winning DriveWell platform is used by leading insurers, fleet managers and cellular carriers in more than 20 countries, improving safety for millions of users. To learn more, please visit cmtelematics.com and follow CMT on Twitter @cmtelematics.