Ituran Announces UBI Agreement With Israel's Leading Insurance Company Harel
Ituran Location and Control Ltd. - Ordinary Shares (ITRN)
Last ituran location and control ltd. - ordinary shares earnings: 3/4 06:30 am
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Source: PR Newswire
AZOUR, Israel, May 16, 2019 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced that it signed a new and innovative agreement with Harel Insurance, Israel's leading insurance company, to be its provider of location-based services for its Usage Based Insurance (UBI) service. Harel Insurance Company (Harel) has launched a comprehensive car insurance policy built around Ituran's solution, based on a driver's accumulated mileage. The product is supported by an application enabling the insurance company to monitor driver behavior. Furthermore, the system will provide accident warnings in real time to assist in the event of an accident. This will shorten the claims process and reduce costs of the claim.Harel Insurance will bear all the insured's costs, including installation and monthly subscriptions fees to Ituran. The customer is expected to see lower annual insurance premiums on the basis of kilometers actually traveled.Eyal Sheratzky, Co-CEO of Ituran said,
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ITRN
Sec Filings
- 4/18/24 - Form 20-F
- 3/20/24 - Form SC
- 2/29/24 - Form 6-K
- ITRN's page on the SEC website