Inflation and cost-of-living headlines are on the rise. Such discussions typically embrace will increase in automobile insurance coverage charges and potential financial savings to be present in pay-as-you-drive insurance policies, however knowledge from car telematics can drive worth far past pricing.
On this Insurance coverage Information Evaluation, Abbey Compton and I are joined by David Morse, Chief Buyer Officer at Cambridge Cell Telematics. We focus on how insurers are utilizing telematics knowledge throughout the worth chain from extra correct danger profiling to settling claims quicker.
Whereas we usually see usage- and behavior-based affords in buyer acquisition, these are beginning to be pushed extra at renewal. The continual monitoring brings the client into the chance mitigation and administration technique. It additionally has a societal good thing about serving to cut back distracted driving, which David calls “a pandemic in itself.”