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Renault and Scope tech hint at auto-insurance usurpation

Renault has teamed up with telematics firm Scope Technologies and European insurance giant Groupama to offer a usage-based insurance (UBI) service for drivers of Renault’s electric car, Zoe. This is an important move by the French auto industry in a shifting dynamic that will see car makers eventually squeeze the insurance providers to breaking point – one that will potentially lead to manufacturers bundling insurance into sales of new cars in the not so distant future. Scope Technologies is providing software and data analytics for Renault’s R-Link multimedia system, to monitor driving behaviors with the ultimate aim of offering drivers cheaper insurance policies – apparently leading to policy savings of up to 36%. Granted, this may only be one instance…

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