Company Information
Telanon, Inc. is based near Atlanta GA, and a member of Georgia Tech's Advanced Technology Development Center. For consumers our Trusted Data Services provide Maximum, No-Worry Savings From "Green" Car Insurance. In industry terms, we are The Trusted Intermediary for Usage-Based Auto Insurance℠."Green" or "usage-based" auto insurance uses driving-related data from customer vehicles to justify significant discounts. We capture and privacy-protect that data, then use it to determine actual miles driven for Verified-Mileage policies like those permitted in California. With industry partners we also help consumers evaluate policies that use their actual driving data to justify discounts for safe driving in addition to low-mileage driving.
Our patented approach appeals strongly to consumers for two reasons. First, we enable them to comparison-shop for usage-based insurance. Second, we share only anonymized portions of their driving data with insurers unless we determine first that it will earn them usage-based discounts.
Progressive's nationwide rollout of Pay As You Drive® program MyRate® (recently modified and rebranded as SnapShot℠) has reached 30 states and competitors are being forced to respond. Over half of 17 insurers with combined 56% U.S. market share planned active pilot launches by year-end 2010, with another third starting pilots in 2011. In 5 - 10 years usage-based is expected to dominate U.S. consumer auto insurance.
Business models used by current industry suppliers will have difficulty adapting to usage-based insurance, creating a tremendous need that we feel Telanon is well-positioned to satisfy. That is why are launching Telanon® Evaluator Plus based on our issued U.S. patent #7,339,483, "Automated Consumer To Business Electronic Marketplace System", to establish Telanon as the trusted intermediary for usage-based auto insurance.
Management
Bennie Farmer -- Founder & CEO
Bennie has 16 years' experience with vehicle systems that capture driving-related data, and is the inventor of Telanon's patented technology. Prior to Telanon, he had 6 years' experience with high-tech startup Eaton VORAD Technologies. As Manager - Corporate Strategic Planning at Eaton Corporation, he analyzed a proposed business opportunity with Allstate-funded VORAD Safety Systems and negotiated the 50/50 joint-venture deal forming Eaton VORAD. He then became its Director- Product Planning & Light Vehicle Sales/Marketing. After helping win business with an auto OEM, he was promoted to Business Unit Manager - Light Vehicle with full P&L responsibility. Bennie has a Bachelor in Aerospace Engineering from Georgia Tech, a Masters in Mechanical Engineering from Rensselaer Polytechnic Institute, and an MBA from the Wharton Graduate School.
Bennie has 16 years' experience with vehicle systems that capture driving-related data, and is the inventor of Telanon's patented technology. Prior to Telanon, he had 6 years' experience with high-tech startup Eaton VORAD Technologies. As Manager - Corporate Strategic Planning at Eaton Corporation, he analyzed a proposed business opportunity with Allstate-funded VORAD Safety Systems and negotiated the 50/50 joint-venture deal forming Eaton VORAD. He then became its Director- Product Planning & Light Vehicle Sales/Marketing. After helping win business with an auto OEM, he was promoted to Business Unit Manager - Light Vehicle with full P&L responsibility. Bennie has a Bachelor in Aerospace Engineering from Georgia Tech, a Masters in Mechanical Engineering from Rensselaer Polytechnic Institute, and an MBA from the Wharton Graduate School.
Consultant
Maria Henderson, ex General Manager - Usage-Based Insurance, Progressive Insurance (Auto Insurance)
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