CAMBRIDGE, Mass.--(BUSINESS WIRE)--Cambridge Mobile Telematics (CMT), the global leader in smartphone telematics, announced its behavior-based premium insurance scoring model has just been approved for personal lines use in 45 states. CMT recently released that its Premium Score had garnered approval in 86% of the United States in its first year (January 2020-2021). Now that total approval count expands with the addition of Missouri.

CMT's solution assesses crash risk based on an individual's behavior behind the wheel. The telematics-based offering uses highly predictive factors like speeding, hard braking, and phone distraction (both tapping and phone motion) for an unbiased and accurate picture of crash risk. This enables insurers to offer auto insurance to a consumer based on their driving behavior.

More on Boston Chron

• Marion Bauer's Sonata, Op.22 – transcribed for Alto Saxophone
• HarborOne Bancorp, Inc. Announces Share Repurchase Program
• Fandangos & the New World: Concert and Conversation
• Boston: Demolition Delay Application: 267 Amory Street, Jamaica Plain
• Cape Coral, Fort Myers, Naples Real Estate Broker CEO Is Concerned About The 17 Million Americans Behind on Their Mortgage Payments

CMT's pricing models and regulatory approvals extend into multiple lines of business. The company's commercial auto Premium Score is approved for use in 41 states, most recently in Georgia.

"Using telematics-based scoring enables insurers to base premiums on driving behavior, understanding risk better," said Ryan McMahon, CMT's Vice President of Insurance and Government Affairs. "With this technology consumers have the ability to see how their driving impacts what they pay, creating substantial incentives to drivers to reduce risk for all who share the road. CMT's work in pioneering and advancing modern telematics technology enables the company to engage in a comprehensive dialogue with regulators on the applied science of measuring, analyzing, and ultimately reducing crashes. With driving patterns changing as a result of COVID-19, this becomes even more important."

More on Boston Chron

• Boston: Mayor Janey announces "B-Local" app to support local businesses
• hellowater®, the Water That Works™ brand launches hellowater Defense power by CYTO+
• Celebrate Golden Week in Tokyo with 1,000 Colorful Carp Streamers
• Boston: Mayor Janey releases Request for Proposals for technical assistance programs for cannabis equity applicants
• As Legalization Expands, Tower Payments' Founder Expects Massive Growth in Their Online Headshop Payment Processing Solutions

CMT's data scientists and actuaries derive telematics data from millions of drivers covering billions of miles. The company continues to see a direct correlation between telematics adoption and improvements in both driving behavior and improvements in road safety.

About Cambridge Mobile Telematics

CMT is the world's largest smartphone telematics provider, powering 65 programs around the globe with leading insurers, automotive manufacturers and mobile network operators. Using mobile sensing and IoT, machine learning, and behavioral science, CMT's telematics platform measures driving behavior to empower driver improvement and reduce risk, provides instant crash alerts and roadside assistance to drivers in need, and creates a smooth connected claims process to reduce costs and improve efficiency. CMT has more drivers on the roads, analyzes more data, enables smarter choices and gets better results. To learn more, visit www.cmtelematics.com.

---

Show All News | Report Violation