I was in Chicago last week for Insurance Telematics 2012 and listened to presentations from about two dozen speakers on how telematics and usage-based insurance will affect both the commercial lines and personal lines of insurance. Heres a sampling of quotes from the conference.

Give or take a credit score, underwriting personal auto policies hasnt changed much through the years. Lower premiums were dependent on your driving recordtickets and accidentsand less so on things such as where and when you drove your car and how many miles you racked up.

Give or take a credit score, underwriting personal auto policies hasnt changed much through the years. Lower premiums were dependent on your driving recordtickets and accidentsand less so on things such as where and when you drove your car and how many miles you racked up.

Investment in claims systems seems less of a priority for insurers

I dont want to revive the old discussion about whether insurance agents are a dying breed, but it would be foolish to ignore the changes in the industryparticularly for personal lines agentsand what the future holds for them.

Continued growth made a new policy administration system a priority.

Finding ways to achieve ease of doing business needs to be the goal of not just insurance carriers, but independent agents as well.

As always, our class of IT All-Stars is an experiencedbut variedgroup of IT executives that have dealt with the serious problems that have faced the industry and is making plans to deal with the issues that are about to come our way.