Traffic moves around the Old Street roundabout, also referred to as 'Silicon Roundabout,' in the area known as 'Tech City', in this photograph taken with a tilt-shift lens in London, U.K., on Wednesday, Aug. 20, 2014. Brookfield Asset Management Inc. is close to an agreement for Amazon.com Inc. to rent about 400,000 square feet (37,160 square meters) of office space near the London technology hub known as Silicon Roundabout, a person with knowledge of the talks said last month. Photographer: Chris Ratcliffe/Bloomberg
Chris Ratcliffe/Bloomberg
Aioi Nissay Dowa Insurance has deployed Cambridge Mobile Telematics’ new DriveWell Fleet program to improve the safety of commercial drivers and reduce claims, the companies announced.
CMT’s offering, available to insurers and fleet owners, gives Aioi Nissay’s drivers and managers an IoT-enabled smartphone app that offers trip-by-trip feedback, gamification functionality and a web portal to review past user scores and habits. The Japanese insurer launched its new service, dubbed Biz Safety, last month.
“Vehicle management through the use of telematics has drawn much attention recently,” said Katsuhiko Sugeta, general manager of product planning at Aioi Nissay, in a statement. “We expect that this program can meet our commercial customers’ needs.”
Aioi Nissay is also a user of CMT’s existing DriveWell program for personal auto. According to vendor statistics, nearly one million drivers to date saw a 35% deduction in phone use and a 20% decrease in hard braking after 30 days. Both Aioi Nissay and CMT expect similar results from DriveWell Fleet.
Climate events drive up claims and premiums, federally published data and state regulators efforts show. While some say more climate mitigation efforts are needed, insurers' efforts to write coverage are questioned.
Protective Life Corp., a wholly owned Dai-ichi Life unit based in Birmingham, Alabama, has decided to cede the blocks to reinsurance firm Resolution Life Group Holdings Ltd., Dai-ichi said in a statement.
