Liberty Insurance, a Singapore-based subsidiary of Liberty Mutual Insurance Group, has released a new telematics app for its motor insurance policyholders.
 
The app, DriveWell, was developed by Cambridge Mobile Telematics (CMT) and measures the driver’s behavior in five categories: acceleration, cornering, speeding, braking, and phone distraction. It also provides driving tips after trips are logged and a performance evaluation is provided. Weekly competitions and promotions also give drivers a chance to win prizes.
 
“By becoming more aware of their behaviors, drivers can learn to be safer behind the wheel,” said Chang Sucheng, CEO of Liberty Insurance. “[DriveWell] is an innovative way to make safe driving fun and exciting. Drivers can get useful feedback, see how they compare with other drivers and challenge their friends."
 
According to Liberty Insurance, CMT’s telematics program can help improve drivers’ behavior, reducing hard braking and speeding by up to 20% within a month of use. Aside from Liberty, insurers Aioi Nissay Dowa of Japan and Electric Insurance of Ohio, USA also use telematics solutions developed by CMT.
 

Related stories:
NTUC Income introduces usage-based motor insurance policies
Liberty Mutual enters into joint venture with Chinese conglomerate
Pay-how-you-drive insurance to be launched in Singapore