HUK-COBURG Partners with Cambridge Mobile Telematics to Launch Safe Driving Insurance Program [Yahoo! Finance]
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.