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The growing pressure on auto insurers to support improved driver safety and to bring claims inflation and prices under control will make technology increasingly central to competitiveness, according to global professional services company Towers Watson.

The growing pressure on auto insurers to support improved driver safety and to bring claims inflation and prices under control will make technology increasingly central to competitiveness, according to global professional services company Towers Watson.

What makes an insurance carrier stand out among the competition? What areas enable carriers to grow? Accenture believes customer centricity is a key to both areas for insurers and has a new research survey available to back up their views.

What makes an insurance carrier stand out among the competition? What areas enable carriers to grow? Accenture believes customer centricity is a key to both areas for insurers and has a new research survey available to back up their views.

Company-owned vehicles make it easier to conduct business, but offer great risk. Collisions can exact a heavy toll. Telematics and EDRs, however, can improve risk management, as well as allow claims to be assessed more accurately driving down costs for the business and insurer.

There's a large focus today on using event data recorder and onboard diagnostic port devices to gather driving-habit data to more accurately underwrite risk.

Advances in crash-avoidance systems have hit a fevered pace over the last few years, including vehicle-stability controls and back-up camerasbut will the technology eliminate auto accidents?

Personal lines insurers capital strength and core underwriting earnings power should offset challenges posed by natural catastrophes; high-frequency, low-severity weather events; and the very competitive nature of the market, according to Moodys Investors Service.