Discovery Insure | Vitality Drive, Cambridge Mobile Telematics, and Creating a World of Safe Drivers at InsurTech Connect
Keynote to cover how auto insurers can drive a profound societal shift towards a safer world
Cambridge, MA, October 12, 2023 — Francois Theron, Deputy CEO of Discovery Insure, and Bill Powers, co-founder and CEO of Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, will take the main stage at InsureTech Connect on November 1 to discuss how auto insurers and mobility providers can drive global change by creating a world of safe drivers. Together, they will explore their remarkable 10-year partnership and their shared vision of making the world’s roads and drivers safer.
The keynote comes at a time when roads are increasingly risky. CMT’s data shows that drivers spend 2 minutes and 12 second of every hour on the road distracted, and that 34% of crashes happen within a minute of distracted driving. Every year, driving kills 1.3 million people and injures 50 million more. The annual cost of car crashes to the global economic is over $1.3 trillion.
Despite these trends, Discovery Insure has been able to reduce crash frequency by 24%. Their shared value model, developed over decades of scientific research and innovation, not only encourages healthier lifestyles and safer driving, but also redefines the role of insurance in enhancing lives. Through actuarial insights Vitality Drive has a dramatic impact on selection, driver improvement, operational efficiency, product differentiation and selective lapsation.
By harnessing cutting-edge technology powered by CMT and evidence-based incentives, Discovery Insure is actively shaping a future where nations applaud exceptional drivers, insurance companies see a significant reduction in crash frequency, and societies thrive with fewer accidents and tragedies.
Beyond insurance, the session will cover how mobility providers across diverse industries like automotive, rideshare and on-demand delivery, as well as the public sector, are leveraging telematics to improve road safety.
Theron and Powers will take the main stage at InsureTech Connect on November 1 at 9:40 AM PDT at the Mandalay Bay Convention Center, Oceanside ACD. Learn more about the session here.
About Cambridge Mobile Telematics
Cambridge Mobile Telematics (CMT) is the world’s largest telematics service provider. Its mission is to make the world’s roads and drivers safer. The company’s AI-driven platform, DriveWell®, gathers sensor data from millions of IoT devices — including smartphones, proprietary Tags, connected vehicles, dashcams, and third-party devices — and fuses them with contextual data to create a unified view of vehicle and driver behavior. Companies from personal and commercial auto insurance, automotive, rideshare, smart cities, wireless, financial services, and family safety industries use insights from CMT’s platform to power their risk assessment, safety, claims, and driver improvement programs. Headquartered in Cambridge, MA, with offices in Budapest, Chennai, Seattle, Tokyo, and Zagreb, CMT serves millions of people through 110 programs in 25 countries, including 21 of the top 25 US auto insurers. Learn more at CMT.ai.
About Discovery Insure:
Discovery Insure is a pioneering insurance company that transforms traditional insurance models. With Vitality Drive, their shared value model, they incentivize and reward safe driving, promote healthier lifestyles, and protect their clients’ lives. Discovery Insure’s commitment to scientific advancement and technology has redefined the insurance industry by creating a safer, healthier, and more prosperous world.
Media contact: Lisa-Marie Pascuccio: Lpascuccio@cmtelematics.com