Click here to close now.


News Feed Item

New Insurance Telematics Dynamic Duo: Modus and MyDrive Announce New Global Partnership

The global insurance telematics marketplace has a powerful player today as Modus, a world leading end-to-end insurance telematics solution provider, and MyDrive, the leader in telematics profiling, join forces to deliver a combined insurance telematics offering. The announcement was made at the opening of the Insurance Telematics London Conference, a gathering of insurance companies and technology providers discussing the burgeoning world of insurance telematics solutions.

As the global marketplace for insurance telematics solutions continues its rapid growth, insurance providers are navigating an increasingly confusing landscape of complex solutions. The combination of Modus and MyDrive brings together two market leaders offering complete end-to-end solutions with a focus on driving business advantages for insurers while improving the safe driving habits of the millions of drivers they cover.

“This really is a story of the whole being greater than the sum of its parts,” explains Brandon Johnson, CEO of Modus. “Data is at the heart of the insurance telematics value proposition. There is no company better than Modus at designing and deploying the technology to collect accurate data from millions of drivers. MyDrive offers unparalleled data analytics capabilities to provide the most detailed and accurate driver profiles possible and tools to enhance driver safety performance.”

For insurers looking to deploy a telematics solution or pilot program the Modus/MyDrive global partnership offers a myriad of advantages. Together the companies enable insurance companies to focus on the most valuable asset of insurance telematics: analyzing, understanding and using driver data to build new product offerings and market strategies.

With their combined history and experience of delivering end-to-end solutions, including allied partners that span telematics collection devices, networking and data storage capabilities, Modus and MyDrive provide insurers the flexibility to evolve with the market. Insurers can modify their data analytics and collection as the market situation and company strategy evolve. They can incorporate new data collection technologies, integrate with new 3rd party applications and quickly take advantage of data coming from auto OEMs – all of which can help control deployment costs.

Modus and MyDrive also deliver some of the most advanced, in-depth driver profiles available anywhere encompassing how vehicles are being used, who is driving then, how they are being driven and even what drivers are doing while behind the wheel. This profiling capability enables insurers to explore new methods of lowering claims cost through driver-specific training, distracted driving applications, mentor/coaching programs and more.

“Our partnership with Modus really is about two market leaders coming together to create the strongest possible, most complete value-based solution for the insurance telematics market,” said Linden Holliday, CEO, MyDrive. “From device integration and mobile apps to the internal systems such as inventory management, procurement and customer support that are paramount to the success or failure of an insurance telematics solution, together we have covered the entire spectrum of needs for insurers and the drivers they cover.”

About Modus Group

Since 1999, Modus has been developing wireless solutions, application development and logistics services to corporate enterprise, education, public service, and general business sectors. Since 2008, Modus has been a leading full service provider of insurance telematics solutions. Modus built the first UBI product offering on CDMA networks and is one of the only Telematics Solution Providers with national, commercial UBI deployments across all major cellular carriers. Modus is headquartered in Huntington Beach, California. For more information, see or follow us on Twitter @GoModus.

About MyDrive

MyDrive are world leaders in telematics profiling, delivering the most detailed and accurate driver profile. MyDrive’s unique solution enables insurers to fundamentally redefine their assessment of risk. By offering detailed and engaging driver scoring MyDrive clients increase customer interactions and enhance the insurer-customer relationship.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
We are rapidly moving to a brave new world of interconnected smart homes, cars, offices and factories known as the Internet of Things (IoT). Sensors and monitoring devices will touch every part of our lives. Let's take a closer look at the Internet of Things. The Internet of Things is a worldwide network of objects and devices connected to the Internet. They are electronics, sensors, software and more. These objects connect to the Internet and can be controlled remotely via apps and programs. ...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).