MyDrive Solutions, which offers advanced risk management solutions for automotive insurers, has signed an agreement with Telenor (News - Alert) Connexion to supply global connectivity for its insurance telematics solution MyDrive Dynamic. This is a new solution that enables motor insurance companies to use driving behavioral data to assess the risk presented by individual drivers and to price motor insurance premiums accordingly.

MyDrive matches GPS data from drivers, taking a snapshot every second, to the underlying map of the road. A connected “Dynamic Drive Recorder” in the car collects a vast amount 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 and this allows the insurance company to assess the actual risk easily and very accurately.

The embedded connectivity solution provided by Telenor Connexion employs an integrated eSIM that allows MyDrive’s insurance solution to be marketed and deployed globally from the outset.   

Whilst most other companies rely on 30-second snapshots of a car’s progress, along with registering any exceptionally high levels of braking or acceleration, MyDrive analyses every single second of the driver’s journey. Combined with GPS data, the solution contextualizes every decision each driver makes by mapping it to the road network, thereby providing a more accurate picture.