Telematics

The traditional business model has been resilient, but insurers must strive to exceed the evolving expectations of customers.

There’s more data on drivers than ever, and if insurers know how to use it, they can reverse customer defections this winter.

Embedded insurance, customer-facing digital tools, telematics and the IoT, rich data sets and AI and ML will mark a paradigm shift.

Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.

While large personal auto insurers have adopted telematics-based programs, they’re only scratching the surface of the potential benefits.

An industry standard has taken hold that will let smart-home devices talk to each other seamlessly, setting the stage for a wave of innovation.

Recent developments in tracking technology and AI provide a formidable solution for vehicle thefts and inefficiencies in fleet management. 

Insurers and homeowners are using IoT devices to optimize housing efficiency, streamline daily tasks and reduce urban household risks.