Commentators concur that ‘now is the time’ for telematics to take centre stage for motor insurance provision as technology advancements innovate policy implementation
’The Older Drivers Forum regularly receives emails from concerned mature drivers on what they can do to reduce premiums,’ says chair
’Insurance is one of the largest costs for taxi fleets,’ says chief executive
’The more safely the person drives, the more they could save on their Aviva motor insurance when they come to renew their policy,’ says head of retail propositions
’The collaboration with such a well-known and innovative brand is highly valued by Howden Driving Data,’ says managing director
’As technology advances with connected cars, the accuracy of the personalisation for car insurance premiums will only improve,’ says head of retail specialty trading
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’Without these vital ingredients, usage-based insurance propositions are unlikely to deliver reduced claims frequency and improved underwriting performances,’ says chief executive
New research out of Australia has provided yet more evidence of the risks insurers will have to consider when truly autonomous vehicles hit the roads
’If adopted on a mass market basis, then it can cater to all,’ says chief data officer
’Expanding our provision of storage capacity is vital,’ says chief executive
’The motor insurance market is witnessing unprecedented premium inflation,’ says insight manager
The industry and technology has moved on from the traditional notion of a black box, but are customers finally seeing the advantages of telematics motor insurance policies?
Chair says changing market dynamics ’are encouraging insurers to consider telematics applications to help reduce insurance premiums’
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Premiums decreased for under 25s, while costs increased significantly for those aged over 50
The new business will first focus on providing non-standard motor products before eventually creating its own distribution arm
The positive environmental impact of the technology can also help sell the concept to consumers, says chief executive
The technology could cut claims costs by £2,000 per detected claim
The US-based billionaire told investors that insurance data had provided a useful feedback loop for manufacturing process alterations