News | Press Release

Cambridge Mobile Telematics Named Best Among Global and North American Telematics Service Providers of Smartphone Apps [PR Newswire]

July 1, 2016

CAMBRIDGE, Massachusetts, June 30, 2016 – PTOLEMUS Consulting Group, a fast growing strategy consulting and research firm focused on the connected mobility world, announced its top usage-based insurance (UBI) companies across 15 different categories, in the most comprehensive global ranking of UBI providers and suppliers with more than 20 companies assessed.

In the category of smartphone apps, Cambridge Mobile Telematics (CMT) was named the “best-in-class” telematics service provider both globally and in North America. Business Wire reports, according to the PTOLEMUS study, “A new category of smartphone-only UBI providers sees Cambridge Mobile Telematics become a dominant force globally.”

Over the past five years, CMT has pioneered behavior-based insurance (BBI) with smartphones, and has seen successful deployments of UBI and BBI programs with leading customers and partners in North America, Europe, Africa, and Asia. CMT’s flagship telematics smartphone app, DriveWell, focuses on driver education and improvement, and provides an accurate, scalable, and highly customizable telematics solution for automobile insurance providers and their customers. The app not only measures driving behavior, but also helps users become better drivers.

“We are excited to be recognized as the top global telematics smartphone app provider,” said William Powers, President and Chief Executive Officer of CMT. “Much success can be attributed to the collaborative relationships we have forged with our global partners.”

PTOLEMUS recently released an infographic on the State of UBI. Find it here.