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“Carriers want to see the proof, and what we are seeing from the market is they are finding value in the improved predictiveness of this data,” said John Chalfant, of LexisNexis Risk Solutions. (Credit: metamorworks/Shutterstock.com)Consumers are showing more interest in auto insurance rates based on their actual driving behaviors, and some insurers have been answering these calls, but as technology advances both inside and outside of vehicles, more companies are expected to leverage advanced telematics.
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Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.
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