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Going forward, insurers should emphasize an ongoing culture of innovation while making customer-centricity the standard.
Insurers and InsurTechs may need to be more accommodating and attuned to one another's needs.
In the year ahead, insurers will be challenged to effectively anticipate and adapt to an accelerating evolution in how insurance is designed, sold and serviced.
In the year ahead, insurers will be challenged to effectively anticipate and adapt to an accelerating evolution in how insurance is designed, sold and serviced.
Convincing consumers to take the plunge and allow their driving performance to be monitored via telematics is only half the battle for carriers transitioning to a usage-based auto insurance program.
Convincing consumers to take the plunge and allow their driving performance to be monitored via telematics is only half the battle for carriers transitioning to a usage-based auto insurance program.
Turning raw driving data into actionable insights is a major challenge facing insurers trying to turn the corner and write usage-based auto coverage profitably.
The ability of auto carriers to economically collect information about driver performance will be a key factor determining the fate of usage-based insurance programs, particularly for smaller companies looking to compete against the industrys data-rich giants.
Personal auto carriers are rapidly approaching a moment of truth when it comes to usage-based insurance programs, whether they have already launched such products or have remained on the sidelines.
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Friedman" }, { "webUrl": "/author/profile/michelle-canaan/", "name": "Michelle Canaan" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Insurers and InsurTechs may need to be more accommodating and attuned to one another's needs.", "body": null }, { "uri": "/2017/12/27/insurers-need-strategic-shifts-to-compete-in-a-digital-world/", "title": "Insurers need strategic shifts to compete in a digital world", "byline": "Sam J. Friedman, Michelle Canaan", "kicker": "Commentary", "prettyDate": "December 27, 2017", "timeToRead": "8 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sam-j-friedman-michelle-canaan/", "name": "Sam J. Friedman, Michelle Canaan" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "In the year ahead, insurers will be challenged to effectively anticipate and adapt to an accelerating evolution in how insurance is designed, sold and serviced.", "body": null }, { "uri": "/2017/12/27/insurers-need-strategic-shifts-to-compete-in-a-digital-world/", "title": "Insurers need strategic shifts to compete in a digital world", "byline": " Sam J. Friedman, Michelle Canaan ", "kicker": "Commentary", "prettyDate": "December 27, 2017", "timeToRead": "7 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sam-j-friedman-michelle-canaan/", "name": "Sam J. Friedman, Michelle Canaan" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "In the year ahead, insurers will be challenged to effectively anticipate and adapt to an accelerating evolution in how insurance is designed, sold and serviced.", "body": null }, { "uri": "/2014/07/02/how-might-auto-insurers-differentiate-themselves-w/", "title": "How Might Auto Insurers Differentiate Themselves with Telematics?", "byline": " Sam J. Friedman, Michelle Canaan ", "kicker": "Commentary", "prettyDate": "July 02, 2014", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sam-j-friedman-michelle-canaan/", "name": "Sam J. Friedman, Michelle Canaan" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Convincing consumers to take the plunge and allow their driving performance to be monitored via telematics is only half the battle for carriers transitioning to a usage-based auto insurance program.", "body": null }, { "uri": "/2014/07/02/how-might-auto-insurers-differentiate-themselves-with-telematics/", "title": "How Might Auto Insurers Differentiate Themselves with Telematics?", "byline": "Sam J. Friedman, Michelle Canaan", "kicker": "Commentary", "prettyDate": "July 02, 2014", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sam-j-friedman-michelle-canaan/", "name": "Sam J. Friedman, Michelle Canaan" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Convincing consumers to take the plunge and allow their driving performance to be monitored via telematics is only half the battle for carriers transitioning to a usage-based auto insurance program.", "body": null }, { "uri": "/2014/06/18/auto-insurers-look-to-crack-the-code-with-telematics/", "title": "Auto Insurers Look to Crack the Code with Telematics", "byline": "Sam J. Friedman, Michelle Canaan", "kicker": "Commentary", "prettyDate": "June 18, 2014", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sam-j-friedman-michelle-canaan/", "name": "Sam J. Friedman, Michelle Canaan" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Turning raw driving data into actionable insights is a major challenge facing insurers trying to turn the corner and write usage-based auto coverage profitably.", "body": null }, { "uri": "/2014/06/12/collaboration-can-help-smaller-insurers-level-the-playing-field-on-telematics/", "title": "Collaboration Can Help Smaller Insurers Level the Playing Field on Telematics", "byline": "Sam J. Friedman, Michelle Canaan", "kicker": "Commentary", "prettyDate": "June 12, 2014", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sam-j-friedman-michelle-canaan/", "name": "Sam J. Friedman, Michelle Canaan" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "The ability of auto carriers to economically collect information about driver performance will be a key factor determining the fate of usage-based insurance programs, particularly for smaller companies looking to compete against the industrys data-rich giants.", "body": null }, { "uri": "/2014/05/08/have-we-reached-a-point-of-no-return-with-telematics/", "title": "Have We Reached a Point of No Return with Telematics?", "byline": "Sam J. Friedman, Michelle Canaan", "kicker": "Commentary", "prettyDate": "May 08, 2014", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sam-j-friedman-michelle-canaan/", "name": "Sam J. Friedman, Michelle Canaan" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Personal auto carriers are rapidly approaching a moment of truth when it comes to usage-based insurance programs, whether they have already launched such products or have remained on the sidelines.", "body": null } ] } }
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