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The average American commutes 54 minutes each workday and spends $3,900 in fuel and wear and tear costs annually.
Forrester Research forecasts four trends insurers should watch in 2021.
As insurers begin to realize initial benefits from telematics implementations, additional return on investment becomes even more viable.
News from IAT Insurance Group, Valkyrie, Sapiens, and more.
Insurance carriers often ask: 'What is the most important thing we should do with telematics?'
Ready or not, technology and telematics data is changing the auto insurance industry (and its claims processes) as we know it.
NU Property & Casualty magazine's annual Top 100 and Heads of Lines segment uses premium data provided by S&P Global Market Intelligence.
The target audience, sticker price, repair costs and safety features all impact the cost of auto insurance.
Telematics put insurers in the position to help address distracted driving, one of the single largest causes of auto accidents today.
As carriers look to reduce overhead, the use of InsurTech and other cost-effective measures may increase.
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