MyDrive Solutions is proud to announce its acquisition by the Generali Group. Around our company, Generali launches a new Group Hub for telematics and big data.

Our start-up company was founded in 2010, and is among the leading companies in the use of data analytics tools to profile driving styles with the aim of identifying innovative and tailor-made products for the customers and favourable tariffs for low risk drivers.

Valter Trevisani, Head of Group Insurance & Reinsurance, said: “The acquisition of MyDrive is an important step in implementing the new Generali Group strategy focused on customer centricity and wide use of new technologies and data analytics tools. MyDrive is a centre of excellence in behavioural profiling: we are developing many projects in the field of telematics and, thanks to these new skills which the Group is now acquiring, we aim to become the best insurance choice for connectivity and innovation. The decision to build on such a young company, moreover demonstrates the Group’s willingness to invest in talent and excellence.”

Shanghai

Linden Holliday, CEO of MyDrive Solutions, said: “The MyDrive team is excited and proud to join Generali. As a start-up we have developed world leading expertise in data analytics and software engineering to provide robust granular data profiling of drivers.

Linden Holliday, CEO of MyDrive Solutions, said: “The MyDrive team is excited and proud to join Generali. As a start-up we have developed world leading expertise in data analytics and software engineering to provide robust granular data profiling of drivers. Now in combination with Generali’s leadership in insurance telematics, we can rapidly bring new levels of innovation, operational efficiency and performance to other areas such as smart homes and health, creating

MyDrive uses the customer data gathered from a series of technological instruments, such as blackboxes or smartphones, to formulate predictive algorithms and to define behavioural scores, i.e. assessments of users’ behaviours, enabling those who choose new products to receive customised commercial offers.

The new, London-based telematics Hub, now specialised in Motor, will expand data analysis activities to a vast series of sectors, from fraud prevention to sophisticated customer segmentation, thereby facilitating the creation of intercompany synergies and the optimisation of the product offering

“MyDrive is a center of excellence in behavioral profiling: we are developing many projects in the field of telematics and, thanks to these new skills which the Group is now acquiring, we aim to become the best insurance choice for connectivity and innovation. The decision to build on such a young company, moreover demonstrates the group’s willingness to invest in talent and excellence.”

Valter Trevisiani Head of Group Insurance & Reinsurance Generali