How Next-Gen Telematics and Vehicle Build Data are Driving Better Risk Assessment for Auto Insurers
Nearly every large auto carrier has some form of telematics program in effect.
As devices become smarter and more sophisticated, the amount of information they provide is rising dramatically.
Insurers have found that apps are a good starting point, but adoption may get easier as connected cars become more common.
An estimated one third of vehicles will be connected by 2025.
Both captive and independent agents have opportunity to communicate the benefits of better driver risk monitoring.