I was in Chicago last week for Insurance Telematics 2012 andlistened to presentations from about two dozen speakers on howtelematics and usage-based insurance will affect both thecommercial lines and personal lines of insurance. Here's a samplingof quotes from the conference.
1) “Don't overspend on the initialinfrastructure. Devices are a tool, not the solution.”
This came from Robin Harbage, a director at Towers Watson, inhis keynote address. The advice is pretty straightforward;developing a strategy for UBI needs to be the first step forcarriers, not a trip around the software bar.
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