Fleet News

MyDrive Solutions signs new agreement with Telenor Connexion

MyDrive Solutions has signed an agreement with Telenor Connexion to supply global connectivity for its insurance telematics solution MyDrive Dynamic.

This new solution enables motor insurance companies to use driving behavioural data to assess the risk presented by individual drivers, and price motor insurance premiums accordingly.

A connected “Dynamic Drive Recorder (DDR)” placed in the car collects vast amounts of data and transmits it back to the insurer’s data systems. The solution not only measures whether the driver was on a three-lane motorway or country road, but also whether he or she was approaching a junction or navigating a tight corner. Understanding the context of a driver’s actions shows how safe an individual’s driving style is, thus enabling the insurance company to assess the actual risk very easily and very accurately and price that risk accordingly.

“Predominantely we choose Telenor Connexion due to the company’s deep expertise in M2M. Their experience of machine-to-machine and particularly in the telematics field is unrivalled. The flexibility, both technical and commercial, and the integration capabilities together with the Service Portal offered made them the obvious choice for this business and life critical solution”, says Linden Holliday, ceo at MyDrive Solutions.

“MyDrive brings an innovative and entirely unique solution to the insurance sector. With its behavior-based system, which provides a more accurate way of assessing risk, MyDrive is way ahead of the market. Insurance telematics will change the industry for good and we are excited to be part of this exciting development”, says Dean Woods, head of region UK and Ireland at Telenor Connexion.

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