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The benefits of telematics-based auto-insurance products could go beyond better risk selection and pricingand could include better fraud detection and the ability to provide feedback to consumers on CO2 emissions, fuel consumption and other factors that may lower the cost of driving, a new Celent report says.

Its difficult to think of anything about the personal auto insurance market that could be considered niche, but for years that is exactly how telematics was perceived within the industry. As leading insurers continue to expand their use of the technology, though, it seems inevitable that carriers of all shapes...

Its difficult to think of anything about the personal auto insurance market that could be considered niche, but for years that is exactly how telematics was perceived within the industry. As leading insurers continue to expand their use of the technology, though, it seems inevitable that carriers of all shapes...

Claims are typically viewed as an expenditure, outflow, and a deficit. They are a point of contention that can often result in conflict with a loyal customer. In many respects, claims are where the battle for retention is won or lost.

Claims are typically viewed as an expenditure, outflow, and a deficit. They are a point of contention that can often result in conflict with a loyal customer. In many respects, claims are where the battle for retention is won or lost.

The benefits of telematics-based auto-insurance products could go beyond better risk selection and pricing, and could include better fraud detection and the ability to provide feedback to consumers on CO2 emissions, fuel consumption and other factors that may lower the cost of driving, according to a Celent report.

The benefits of telematics-based auto-insurance products could go beyond better risk selection and pricing, and could include better fraud detection and the ability to provide feedback to consumers on CO2 emissions, fuel consumption and other factors that may lower the cost of driving, according to a Celent report.

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 dont offer such products may face adverse selection in the future, according to Moodys Investors Service.