Connected Insurance

Free Webinar: A new era in fleet management powered by connected car data and data-driven fleet optimization

Are you ready for a new era of device-free, data-driven Fleet Solutions?
Join our free webinar to look at the future of #fleetOptimization powered by Connected Car Data. Together with our partner High Mobility, we’ll be looking at the new possibilities that open up thanks to Connected Car Data and how these can empower innovation across the fleet industry. We’ll cover: “What use cases do OEM-connected car data platforms enable?”, “What are its current limitations, and how to tackle them?”, “What to expect of the midterm future?”, and “How connected car data can be leveraged to innovate in the fleet industry?”, among others. Register now and join the discussion.
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Choosing the best data collection solution to build your connected insurance: key things to consider

Traditionally, connected insurance uses data from IoT telematics devices to tailor premiums based on driving insights. But today, new ways of building effective connected insurance programs have come into play, like driver safety rewards programs, sustainability and green benefit programs, personalized recommendations, or cross-selling insurance products. To tap into these, insurers must deploy appropriate data collection technology. But what is ‘appropriate’ in this context? … Read More

Extracting value from data generated in a connected insurance program: the long-term vision

There are many immediate benefits to launching a connected insurance program—from higher customer engagement and loyalty with rewards, coaching, and reduced claims, to new revenue streams thanks to innovative insurance products. But the jackpot, truly, lies in the long-term vision. To maintain profitability in the long haul, motor insurance companies should already think two steps ahead, reconsidering their data approach today to reap benefits tomorrow. … Read More

All usage-based insurance (UBI) buzzwords successful insurance professionals should know

The car insurance industry has seen many conversations around the pivotal role of digital technologies, product innovation, and customer-centricity as market differentiators. With these concepts, new terms have emerged to reflect the cutting-edge technologies and the upgraded ways of doing business. Understanding what they mean, how they differ, and what opportunities and constraints they entail, is essential to getting ahead of competitors.
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Insurance Telematics

Looking back at the history of insurance telematics and what we can learn from it today

“Any sufficiently advanced technology is indistinguishable from magic.” The best-known technology law formulated by Sir Arthur C. Clark in the ’60s still holds today, when insurance companies can use connected telematics solutions as a competitive lever to improve profitability and expand their customer base. To better understand how that works, we’ll take a step back and examine how telematics has changed over time. … Read More

Loyalty and Rewards

Building a rewards program that really works

Amid the accelerating economic recovery, the competition in the motor insurance market is intensifying. To make up for the losses sustained during the pandemic, insurers are unlikely to cut down premiums to incentivize customers. Instead, they will look for other methods to attract and keep them. But how to put new life into the hackneyed world of bonus rewards and privilege points? You’ll find some ideas in this article. … Read More

Profiling and Clustering Drivers to Improve Your Insurance Products

Road accidents are one of the major public health threats globally, and the human factor is the main contributing force. To account for this fact, insurers have long applied harsh acceleration, braking, and cornering (ABC) events to analyze driver behavior and inform their pricing models. However, this method has some limitations. Telematics-based contextual driving behavior analytics surpasses them, giving insurers and fleet operators a much better way to evaluate risks posed by individual drivers. … Read More

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What Does The Future Hold For Connected Insurance?

As worldwide data is growing exponentially, car insurance companies are tapping into IoT-based technologies to gain an edge. By leveraging data, they may unlock significant benefits, from improving the cost/claim ratio to providing distinctive and personalized services. What do they need to embrace the evolving trend of connected insurance? We explain. … Read More

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Free Webinar: A New Era in Insurance Telematics

Watch our free webinar on demand and get insights into how connected insurance helps you to implement UBI 2.0 products.

From costly devices to rich data platforms, gamification elements, and loyalty programs, telematics has come a long way.

Join us as we look at the future of insurance telematics and demonstrate what insurers can do today to grow their motor segment together with our partner Adacta. … Read More

Claim context enables smart pricing

Claim Context Enables Smart Pricing

What do you know about claims? The approximate location, when it happened, and a few details that your client provided you. This information might be enough for essential claim management, but there is an unused potential to be unlocked by adding context to claims.
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