telematics devices

• ACORD LOMA Session Highlights Disruptive Power of Telematics

  By Michael P. Voelker  |  May 8, 2013

  For years, auto insurers' efforts to achieve greater pricing precision has involved looking backwards—analyzing historical claim data and risk characteristics to determine the right price for a current exposure.

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  Telematics: Trouble or Tipping Point for Midsized Carriers?

  By Michael P. Voelker  |  May 1, 2013

  With insurers and vendors working to solve high entry costs, data challenges, and intellectual property concerns, user-based insurance may finally be nearing its much-anticipated breakthrough to the mainstream.

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  Telematics: Trouble or Tipping Point for Midsized Carriers?

  By Michael P. Voelker  |  April 4, 2013

  Despite the far-reaching promise of telematics in insurance, fewer than two dozen carriers have managed to bring a telematics solution to market in North America in either personal or commercial auto.

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  Telematics and the Battle for Market Share

  By Robert Regis Hyle, PropertyCasualty360.com  |  December 18, 2012

  It’s difficult to predict what the personal auto insurance market will look like by the turn of the next decade, but even conservative estimates indicate telematics and usage-based insurance (UBI) will become a catalyst for change, according to a recent Strategy Meets Action research paper.

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  Rebuilding Year: Top 10 Stories of 2012

  By PC360 Staff  |  December 13, 2012

  In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of...

• UBI to Dominate Auto Insurance by Next Decade

  By Staff Writer  |  December 13, 2012

  Strategy Meets Action (SMA), an insurance strategic advisory firm, announces a new research report, “Usage Based Insurance/Telematics: A Catalyst for Change” with results of a survey of North American property and casualty insurers indicating that 75 percent of insurers believe usage-based insurance (UBI) will fundamentally alter the auto insurance industry...

• ‘Rebuilding Year’: The Top 10 Stories of 2012

  By Staff Writer  |  December 13, 2012

  In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of...

• Cloud and Telematics

  By Michael P. Voelker  |  December 11, 2012

  Industry observers believe that cloud will play a large role in enabling new and evolving business models in insurance, such as telematics.

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  Keeping an Eye on Things: The Scary Part of Telematics

  By Robert Regis Hyle, PropertyCasualty360.com  |  September 21, 2012

  Disruptive is a word tossed around a lot in the world of insurance technology, but it’s difficult to argue with Deloitte Consulting’s Steve Packard—and others—that the use of telematics to make up what is known as usage-based insurance (UBI) fits that description.

• Telematics Pressure Is On for Midsize Carriers

  By Roger Burkhardt  |  September 17, 2012

  It would seem as though the Personal Auto insurance industry has shifted into overdrive as large insurance companies like Progressive, State Farm and Allstate are aggressively promoting their telematics programs and associated discounts to attract the best risks. Many of these large carriers have been developing their telematics (or pay-as-you-drive)...

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  Telematics or Not? The Pressure Is On For Mid-Sized Carriers

  By Roger Burkhardt  |  September 4, 2012

  It can seem as if the auto insurance industry has shifted into overdrive, as large insurance companies like Progressive, State Farm, and Allstate are aggressively promoting their telematics programs and associated discounts to attract the best risks. Many of these large carriers have been developing their telematics—or pay-as-you-drive programs—for years....

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  The Changing World of Automobile Insurance

  By Robert Regis Hyle, PropertyCasualty360.com  |  September 4, 2012

  Give or take a credit score, underwriting personal auto policies hasn’t changed much through the years. Lower premiums were dependent on your driving record—tickets and accidents—and less so on things such as where and when you drove your car and how many miles you racked up.

• Travelers Looks to Control Fleet Safety Risks

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 1, 2012

  Sometimes, just having access to good data is all a business needs.

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  Safety First: Travelers’ Telematics Program Looks to Control Risks

  By Robert Regis Hyle, PropertyCasualty360.com  |  March 14, 2012

  Sometimes, just having access to good data is all a business needs. At least that’s how Travelers Insurance views its telematics program, IntelliDrive Fleet Safety Solutions for its commercial lines.

• Moody’s: Auto Insurers Offering Usage-Based Products Gain Advantage

  By Phil Gusman, PropertyCasualty360.com  |  December 22, 2011

  Personal-auto insurers that are at the forefront in offering usage-based insurance products will gain “a significant competitive advantage” in pricing and policy retention, while companies that don’t offer such products may face adverse selection in the future, according to Moody’s Investors Service.

• Technology Takes Center Stage for Auto Insurers: Towers Watson Survey

  By Staff Writer  |  December 2, 2011

  The growing pressure on auto insurers to support improved driver safety and to bring claims inflation and prices under control will make technology increasingly central to competitiveness, according to global professional services company Towers Watson.