- The DriveWell platform utilizes driver engagement and feedback methodologies to yield an average 35% reduction in phone distraction, 20% reduction in speeding, and 20% reduction in hard braking
- Risk rating approved in 29 states
Cambridge Mobile Telematics +
Cambridge Mobile Telematics
Cambridge Mobile Telematics’ (CMT) mission is to make the world’s roads and drivers safer. Since its first product launch in 2012 that pioneered mobile usage-based insurance, CMT has become the world’s leading telematics and analytics provider for insurers, fleets, rideshares, and mobility. CMT’s solutions use mobile sensing, IoT, artificial intelligence, and behavioral science to measure driving performance, score risk, incentivize safer driving, and automate crash-and-claims services. These solutions are implemented worldwide, improving safety for millions of drivers.
In December 2018, the Softbank Vision Fund invested $500 million in CMT to fuel its expansion, growth, and new initiatives. A selection of CMT’s insurer customers include State Farm, Liberty Mutual, Erie Insurance, Travelers, AIG and State Auto in the U.S., Admiral in the U.K., HUK-Coburg in Germany, Discovery Insure in South Africa, and Insurance Australia Group in Australia.