First Driving Behavior-based Telematics Automobile Insurance Developed
for Toyota Connected Cars in Japan

Toyota Motor Corporation (Toyota) and the MS&AD Insurance Group's Aioi Nissay Dowa Insurance Co., Ltd. (Aioi Nissay Dowa Insurance) have jointly developed Japan's first driving behavior-based telematics automobile insurance. The plan is available to owners of certain units of Toyota connected cars, and uses driving data gathered via telematics technologies to adjust insurance premiums based on the level of safe driving every month. Total insurance premiums comprise a combination of basic insurance premiums and usage-based insurance and, under this new plan up to 80 percent of usage-based insurance premiums can be discounted. In addition to driving behavior discounts, various services are to be provided under the concepts of "enjoyment," "benefits," and "safeguards." The service is scheduled to go on sale on January 15, 2018, while insurance liability is scheduled to commence in April 2018.