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Insurance telematics: A game-changing opportunity for the industry

Read how auto insurers can capture emerging opportunities with insurance telematics.

Overview

Telematics is neither a fad nor a mere addition to insurers’ pricing and underwriting capabilities. Rather, it represents a disruptive, transformational technology that has the power to reshape the global motor insurance industry, dramatically altering every aspect of the insurance value chain from marketing to claims processing.

This piece looks at the latest developments in the global telematics space and outlines important success factors for insurers to bear in mind when developing a telematics strategy. These include the need for:

  1. Quick and agile pilots that enable continuous improvement.

  2. A detailed understanding of the source of sustainable ROI in the short- and long-term.

  3. Recognition that telematics is only the starting point, not the final destination.

  4. Clearly developed and flexible propositions that will engage different customer segments, and drive value for end-customers, agents and brokers.

Register to download the full report. [PDF, 1.68 MB]

Related

Download videoDownload the full video [WMV, 13.7MB]

Watch this video for more information on telematics in motor insurance and how big rewards await early adopters
Learn how the second coming of telematics means a redesign of the motor insurance value chain is a necessity. A rapid approach to piloting for early adopters will enable lessons and insights that will create an opportunity to lead this segment of the market.

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