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HIMEX and Novatel Wireless Join Forces to Deliver Advanced Usage Based Insurance Solutions

HIMEX and Novatel Wireless Join Forces to Deliver Advanced Usage Based Insurance Solutions

Novatel Wireless, Inc., a leading provider of intelligent wireless solutions, and HIMEX, a leading provider of Usage Based Insurance (UBI) and smart fleet management platforms, announced today that they are working together to jointly provide innovative solutions to the UBI market.

HIMEX is actively integrating the Novatel Wireless family of MT 3060 telematics devices into the HIMEX 3D World Platform to provide virtual renderings of telematics information.

KEY HIGHLIGHTS:

  • Novatel Wireless’ MT 3060 family of platforms is an integrated, system-level technology solution for commercial and after-market telematics markets. The plug-and-play, self-installed device easily inserts into a vehicle’s on-board diagnostics (OBD-II) port, supporting all five engine OBD-II protocols. The device collects and controls critical vehicle data and securely delivers that information to the cloud. It boasts a highly sensitive 3-axis accelerometer for measuring driver behavior and parallel GPS/GNSS satellite location capability, and offers sophisticated technology for impact detection. This ability enables the MT 3060 to detect driver behaviors such as vehicle speed, location, hard braking, cornering and impact data necessary for UBI policy rating and other consumer telematics services. In the event of an accident, the MT 3060 measures the forces applied to the vehicle to recreate the event in a virtual world.
  • The HIMEX UBI 3D™ platform offers the industry’s fastest and most complete means for implementing usage based insurance. The HIMEX Platform covers the entire UBI value chain of devices, including: product platform, systems integration, logistics, mobile applications, data management and analytics. Additionally, the platform supports the full range of insurance company transactions from quoting and sales through first notice of loss and claims settlement. HIMEX has been selected by some of the largest insurance companies in the United States for deployment of the HIMEX UBI platform.

Hassan Sadiq, chairman and CEO, HIMEX, said:
“As a company founded on innovation and excellence, HIMEX is looking forward to partnering with Novatel Wireless because of the innovation of its MT 3060 family of telematics products and its expertise in M2M telematics. UBI applications require reliable access to comprehensive driver behavior data, and Novatel Wireless has the ability to meet our customer’s expectations for superior quality and performance.”

Peter Leparulo, CEO, Novatel Wireless, said:

“Launching a UBI product is a significant commitment for insurers. HIMEX provides a complete, end-to-end UBI solution to insurance companies with a platform that creates a high level of engagement by end users. We’re very pleased to be collaborating with HIMEX in this growing market.”

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