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Celent: Telematics-Based Auto Insurance Could Improve Claims Handling, Pricing

The benefits of telematics-based auto-insurance products could go beyond better risk selection and pricingand could include better fraud detection and the ability to provide feedback to consumers on CO2 emissions, fuel consumption and other factors that may lower the cost of driving, a new Celent report says.

By Phil Gusman | Updated on January 13, 2012

The benefits of telematics-based auto-insurance products could go beyond better risk selection and pricing—and could include better fraud detection and the ability to provide feedback to consumers on CO2 emissions, fuel consumption and other factors that may lower the cost of driving, a new Celent report says.

In “Telematics-Based Insurance: Has Its Time Finally Arrived?” Celent says insurers are overcoming historic obstacles by employing telematics, or usage-based insurance products.

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