Earlier this month, Cambridge Mobile Telematics (CMT), the world’s
largest smartphone telematics provider, was awarded the Best Auto
Digital Insurance Product Award from TU-Automotive Detroit for the
second year running. The TU-Automotive Awards recognize excellence and
innovation in connected car and automotive technology. Key criteria for
the award include innovation, industry engagement, user experience and
market uptake.
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Cambridge Mobile Telematics DriveWell wins Best Auto Digital Insurance Product at the 2019 TU-Automotive Awards for the 2nd year in a row (Photo: Business Wire)
The two awards recognized CMT’s DriveWell platform and the DriveWell Tag
solution. The DriveWell platform uses mobile sensing and statistics to
measure and score driving quality, helps drivers become safer drivers
via engaging incentives rooted in behavioral science and uses machine
learning to reconstruct crashes. These products enable insurers to price
risk more accurately, lower loss ratios, automate claims processing, and
offer emergency roadside assistance.
The DriveWell Tag is an optional, fully-wireless, windshield-mounted
Bluetooth device with its own high-quality inertial sensors, which
augments the phone’s sensors to capture, measure, and store driving
events and crash data. To date, more than eight million DriveWell Tags
have been shipped to customers. The Tag, which CMT invented in 2014,
powers CMT’s phone+Tag solution; millions of CMT’s users also use
phone-only solution. The phone+Tag solution guarantees that only driving
in insured vehicles are measured, while capturing driving events even
when the phone is absent. The Tag helps CMT improve the accuracy and
quality of its phone-only solution by providing a source of live ground
truth from the millions of phone+Tag users.
“We are proud of the solutions that we have created for our customers
and the partnerships we have established to bring DriveWell to millions
of drivers worldwide,” said Hari Balakrishnan, CMT’s co-founder and
chief technology officer. “We thank TU-Automotive for recognizing the
impact of our team’s work.”
More than 35 customers in more than 25 countries use CMT’s DriveWell
platform. Notable insurers who use the phone+Tag solution include State
Farm, Liberty Mutual, Erie, Travelers, AIG, State Auto, Admiral,
HUK-Coburg and Insurance Australia Group.
About Cambridge Mobile Telematics
CMT’s mission is to make the world’s roads and drivers safer. CMT’s
award-winning DriveWell platform measures driving quality, scores
driving performance, incentivizes safer driving, and provides crash and
claims services for insurers, rideshares, and fleets. Since its first
product launch in 2012 that pioneered mobile Usage-Based Insurance, CMT
has become the world’s leading mobile telematics and analytics company
with its Phone-only and Phone+Tag programs. DriveWell is used by leading
insurers, commercial fleets, cellular carriers, and other organizations
in more than 25 countries, improving safety for millions of users. To
learn more, please visit www.cmtelematics.com
and follow CMT on Twitter @cmtelematics
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