London, 11 December 2019 –Technology developments in the last few years have led to new types of devices generating more telematics data and at a lower price point. Carriers have focused mainly on the underwriting implications of this technology, but the uses extend beyond rating and into claims and customer engagement. Carriers not taking advantage of all that this technology has to offer will quickly fall behind their competition.
This report helps executives from property and casualty insurance carriers evaluate the major telematics features affecting the underwriting and claims process, understand the marketing methods to best position these devices with their customers, and identify the different types of telematics devices that are currently available. It is based on 40 phone interviews conducted with telematics experts, C-level executives, innovation directors, and thought leaders at insurers, reinsurers, technology vendors, and consulting firms from around the globe between July and August 2019.
This 33-page Impact Report contains eight figures and 13 tables. Clients of Aite Group’s P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Allstate, Arity, CCC, DriveQuant, IMS, Insure Telematics, Metromile, MSG Global, Nationwide, Progressive, Redtail Telematics, Safeco, State Farm, Telematicus, Travelers, and Verisk.