Telematics

In theory, there are benefits from reading vehicle data and being connected to the car, but the reality has proven massively different.

New and perhaps unforeseen risks are likely to emerge, including significantly increased cyber-exposures and the potential for mega-accidents.

This isn’t just about pricing; as an industry we are barely scratching the surface of this massive opportunity.

The essence of insurance hasn't changed since its origin in 1347, but technology provides “superpowers” to do the same things much better.

Two award winners exemplify how the use of technology like telematics and artificial intelligence is maturing in the insurance industry.

Until recently, telematics just supported the interesting and novel little corner of auto insurance known as usage-based insurance. No longer.

If you want to improve driving behavior, you must understand how to change human behavior, and reason alone isn't enough.

The telematics portfolio has shown on average 20% lower claims frequency on a risk-adjusted basis than the non-telematics portfolio.