How Next-Gen Telematics and Vehicle Build Data are Driving Better Risk Assessment for Auto Insurers
Both captive and independent agents have opportunity to communicate the benefits of better driver risk monitoring.
Insurers have found that apps are a good starting point, but adoption may get easier as connected cars become more common.
Insurers are tailoring usage-based programs for segments such as teen drivers and other specific consumer types.
Eleven monitoring areas are the most consistently employed.
An estimated one third of vehicles will be connected by 2025.
