CINCINNATI, May 18, 2021 / PRNewswire / – Cincinnati Financial Corporation (Nasdaq: CINF) announced today that its leading property and casualty insurance subsidiary, The Cincinnati Insurance Company, RideWellSM, has launched a special program to improve the safety of drivers of all ages in the wider states of Illinois, New Jersey and West Virginia.
In partnership with Cambridge Mobile Telematics (CMT), the world’s leading provider of mobile telematics and analytics, Cincinnati developed the new app to promote parental safety and promote safe driving behavior for all drivers.
will Van Den HeuvelPersonal Lines, Senior Vice President, said, “RideWell does not require any hardware installation. All you need is a smartphone. It is a fantastic addition to the many great features that the MyCincinnatiSM app has today. In addition to protecting driver data and making it easy for you Access to services, MyCincinnati now protects drivers from dangerous behavior. The individual tips and the ability to see how the score is going create an environment where safety is a top priority. We are grateful for the collaboration from CMT because of their experience Simply showing this app can make all the difference when it comes to distracted driving. “
In the MyCincinnati app, policyholders can view the results of all drivers on the policy, including young drivers. This visibility enables policyholders to address risky behaviors and improve driving habits for all family members.
RideWell, CMT’s industry-leading telematics platform, rewards safe drivers and offers personalized insights based on an individual driving review. The behavioral assessment is based on five risky behaviors: over speeding, accelerating hard, braking, making sharp turns and using the phone. The app shows drivers when and where they were driving when one of the risky behaviors occurred and generates a trigger score based on CMT’s behavior scoring algorithm.
Every driver with favorable results can receive an additional discount of up to 18% if renewed annually. This is on top of an initial 10% discount upon enrollment – depending on the state and age of the driver.
Every day, CMT analyzes millions of kilometers covered by millions of drivers. Research shows that feedback and user interaction can affect distracted driving, with the top 30% of drivers on their platform reducing phone distraction by 39% after 30 days.
“When drivers are given the opportunity to save money and improve safety, they reduce the risk for everyone who shares the roads while taking control of what they pay for insurance,” he said Ryan McMahon, CMT Vice President Insurance and Government Affairs. “We are proud to work with them Cincinnati as they provide incentives for drivers to improve road safety. “
RideWell is currently available for Cincinnati Policyholder for personal lines in Arkansas, Illinois, Kansas, New Jersey, Ohio, Oregon, Texas and West Virginia. For more information, see the video here: https://www.cinfin.com/mobile/ridewell
About Cincinnati Financial
Cincinnati Financial Corporation primarily offers business, home and auto insurance through the Cincinnati Insurance Company and its two standard property and casualty insurance companies. The same local independent insurance agencies that market these policies may offer products from our other subsidiaries including life insurance, annuity insurance, and property and casualty insurance with excess lines. More information about the company can be found at cinfin.com.
P.O. Box 145496
6200 South Gilmore Road
Cincinnati, Ohio 45250-5496
Fairfield, Ohio 45014-5141
Via Cambridge Mobile Telematics
CMT is the world’s largest provider of smartphone telematics and operates 65 programs worldwide with leading insurers, automobile manufacturers and mobile network operators. Using mobile sensing and IoT, machine learning and behavioral research, CMT’s telematics platform measures driving behavior to drive driver improvement and reduce risk, provides instant crash alerts and roadside assistance to drivers in need, and creates a smooth, cohesive claims process, to reduce costs and costs increase efficiency. CMT has more drivers on the roads, analyzes more data, enables smarter decisions and achieves better results. To learn more, visit www.cmtelematics.com.
SOURCE Cincinnati Financial Corporation