Telematics

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.

Some argue that justifying usage-based insurance for autos requires huge improvement in loss ratios, but they miss key points.

Auto telematics represents the most mature insurtech use case, as it has already passed the test and experimentation phase.

Telematics technology can, among many other things, generate the first notice of loss from the actual impact dynamics.

The author believes so strongly in connected insurance that he gave up his senior consulting job, made an investment and launched a business.

The prehistoric age of telematics, based on the outdated premise that policyholders are reluctant to be “tracked," is finally ending.