Generali Seguros and Telefónica agree the development of a new automobile insurance

Generali Seguros and Telefónica sign a cooperation agreement for the development of a new automobile insurance.

The two companies have announced the start-up of an exclusive pilot programme for Spain in which machine-to-machine (M2M) technology will help users to drive responsibly and allow them to save on their car insurance according to their habits at the wheel.

This pioneer project will allow users to pay for their automobile policy depending on how they drive, make them aware of their responsibility and improve their habits at the wheel using a mobile application or also through access to the web from a computer.
This new insurance, which is currently in the pilot phase, uses Telefónica’s M2M technology and offers, for the first time, the possibility of customers paying according to their driving habits, which could mean very significant savings for the best drivers.
Generali will have access to the final “score” to adjust the insurance premium, whereas all the detailed information will be accessible only for the insured party.

Drivers will be able to find out the number of kilometres they drive a year, whether they are daytime or night-time hours, urban or interurban, whether they respect the speed limits or whether they accelerate or brake sharply.

All of this is accessible from a mobile application and a website, allowing the insured party to analyse which driving habits he/she can improve.
This agreement between Generali and Telefónica takes shape through Telefónica Digital and Telefónica Seguros. Generali provides all the know-how in automobile insurance and Telefónica Digital contributes on the technological side, with a telematic product which includes the device installed in the vehicles, a totally anonymous and safe cloud management service for the data, and the mobile application and website which end customers can use to manage their insurance and the way they drive.

Finally, Telefónica Seguros, the Telefónica Group’s insurance company, will act as co-insurer, allowing this project to be shared 50-50 between Generali and Telefónica.
The commercialisation of this product will begin in the first quarter of 2013.


9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

Actility and Helium Network announce roaming integration to scale IoT coverage

Posted on: October 18, 2021

Actility, the provider of IoT connectivity solutions and LPWA technology, and Helium have launched a roaming integration partnership, unlocking affordable and ubiquitous coverage for millions of IoT devices.

Read more

Future of data integration: 2022 and beyond

Posted on: October 18, 2021

Traditional methods including manual creation of scripts, scrubbing the data, and later loading it into a data warehouse or ETL, (extract-transform-load) was used to integrate data from different sources. These methods were adopted in the era of resource constraints and have now become very time-intensive, expensive, and error-prone, says Yash Mehta, an IoT and big

Read more