The recognition follows extensive research by Frost & Sullivan, which assessed key players across the telematics landscape, highlighting CMT’s advanced, customer-focused solutions as industry-leading.
Founded at MIT, CMT has spent over a decade reshaping the telematics insurance sector with innovative technologies that enhance road safety, streamline claims processes, and reduce costs. The company’s AI-powered platform, DriveWell Fusion®, integrates seamlessly with insurer applications to provide real-time crash detection, automated claims processing, and proactive customer engagement.
By combining data from smartphones, IoT devices, connected vehicles, and dashcams, DriveWell Fusion delivers comprehensive coverage and continually refines its analytics, protecting millions of drivers across 25 countries.
“Every day, we gather and analyse over 1 trillion driving data points, powering risk assessment, crash and claims, and driver safety programs, measuring and protecting millions of drivers across the world,” said CMT co-founder and CEO William Powers. “15 years ago, we helped launch a brand new industry. Today, we’re helping build the future of mobility. We’re humbled by this recognition by Frost & Sullivan.”
Additionally, the company’s disruptive sensor data analytics provide auto insurers, automakers, and commercial mobility companies with detailed and accurate data on driving behaviour. CMT’s technology seamlessly captures and analyzes data from smartphones, IoT devices, and connected vehicles, making it possible to offer insurance solutions responsive to individuals’ driving habits. This capability allows for precise risk assessment and tailored insurance policies, which are crucial for consumers who expect personalised services.
“The rising adoption of sensors in phones, IoT devices, and connected vehicles; advancements in signal processing and AI; digital transformation; and a heightened safety awareness have driven demand for customized insurance solutions. CMT’s technological expertise and vast customer base make it an invaluable partner for insurers aiming to implement effective telematics insurance programs,” said Parduman Satpal, Senior Research Analyst at Frost & Sullivan.
“CMT’s continuous technological innovation and customer-centric approach solidify its position as a market leader, capturing significant market share. Its comprehensive product offerings make the company the go-to solution for all telematics insurance needs, showcasing its unmatched expertise and strength in the industry,” noted Samantha Fisher, Best Practices Research Analyst at Frost & Sullivan.
