Blog

  • The Benefits of Telematics for Policyholders [infographic]

    March 21, 2017

    The relationship between insurer and insured is evolving, and telematics is driving that change. The benefit of telematics for insurers is already very clear – but what about the policyholder?

  • Using Telematics to Improve Driver Safety

    Improving Driver Behavior Improving road safety starts first with improving drivers’ behavior. According to multiple studies, human error, in part or in whole, contributes to upward of 90 percent of all vehicle accidents. And yet, it has been notoriously difficult to sustainably improve driver behavior because, in general, drivers do not really know if they are good or poor drivers. …

  • Increasing Policyholder Engagement with Insurance Telematics

    February 22, 2017

    Auto insurance has one of the highest Net Promotor Scores™ of any industry, yet nearly all auto insurers struggle to engage with their policyholders in a positive and constructive way. This has contributed to a consumer mindset that the only time to think about insurance is when finding a new insurer or processing a claim. Low engagement, combined with highly …

  • The Case for Telematics in Auto Insurance Claims

    January 20, 2017

    The last century has seen automobiles evolve tremendously, yet auto insurance has been slow to follow suit. Only in recent years have insurers really embraced technology that is influencing the insurance process. Auto telematics is one technology that US insurers have been rapidly adopting, mostly through usage-based insurance programs. Telematics-driven usage-based insurance (UBI) offers major benefits to insurers and policyholders …

  • Biggest Challenges in Implementing Telematics-Driven UBI: Cost

    November 9, 2016

    The need for auto insurers to offer a usage-based insurance (UBI) program is well known. According to the Ptolemus Consulting Group, companies that implement a UBI program experience a five percent reduction in average loss ratios. It is no wonder that most of the leading US insurers already have, or are actively piloting, a program.

  • Biggest Challenges in Implementing Telematics-Driven UBI: Profitability

    The need for auto insurers to offer a usage-based insurance (UBI) program is well known. According to the Ptolemus Consulting Group, companies that implement a UBI program experience a five percent reduction in average loss ratios. It is no wonder that most of the leading US insurers already have, or are actively piloting, a program.

  • Biggest Challenges in Implementing Telematics-Driven UBI: Integration

    The need for auto insurers to offer a usage-based insurance (UBI) program is well known. According to the Ptolemus Consulting Group, companies that implement a UBI program experience a five percent reduction in average loss ratios. It is no wonder that most of the leading US insurers already have, or are actively piloting, a program.

  • How To Read An Automobile Insurance Policy

    May 16, 2016

    I’m a pretty good husband (well at least that’s what my wife Emily tells me)! As a good husband, I approach any and all undertakings as a partnership. I like to share; that’s what the “good husbands” do, right? Most times, the answer to this is yes…unless it involves insurance.

  • Safety, Security and Telematics in Times of Trouble (PART 2)

    March 4, 2016

    Winter may be almost over for another year, but risky driving is not. Ask most anyone who’s been driving recently along snow and ice covered roads and they’ll agree driving is risky, particularly in winter and during peak driving times when everyone is in a hurry and seemingly not paying proper attention to unsafe road conditions.

  • Why Consumers Will Fall in Love With Connected Cars

    February 12, 2016

    This weekend is Valentine’s Day and love is in the air. In the spirit, we thought we’d share these five reasons why we believe that, despite some initial questions, consumers will fall in love with connected cars this year