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Cobra Telematics eyes car insurance growth

Date: 12 May 2011

Cobra Telematics last week launched a raft of new services for car insurers at the Insurance Telematics Europe 2011 conference in London.

Cobra, which specialises in alert and theft management services, introduced technology that it claims can help insurers reduce customer risk through providing drivers with data on, for example, speed limits, road types, acceleration and deceleration to encourage safer and more economical driving.

Based on satellite technology, Cobra says its technology can also deliver information to reconstruct the events of accidents, enabling claim handling to become more transparent and efficient for both insurer and insured driver.

Cobra points out that in the case of a serious accident an immediate alert can be sent to emergency services with an exact location of the incident.

The firm's network of 36 centres across Europe provides certified stolen vehicle recovery services in the event of theft of an insured car.

Thomas Becher, Cobra's marketing vice-president, said: "We understand the demands of the car insurance industry and we will take up the challenge to deliver valuable service propositions to both the car insurance industry and to car drivers."

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