Look Out For These Fleet Telematics Trends in 2017
The writing’s on the wall—make that on a big digital road sign: the commercial vehicle telematics market is exploding. MarketsandMarkets expects it will be worth $47.58 Billion by...
New research argues the connected car opportunity is worth $14bn
A report from Publisher Research argues that connected car services will generate $14 billion in annual revenue by the end of 2016. The forecast is inspired by a variety...
Protect data well and get consumer confidence – then connected car potential is limitless
As new technology is developed and connected cars become increasingly popular, the insurance industry, the automotive industry and consumers are all becoming aware of what this might mean....
How does the new auto insurance ecosystem match up to industry demand?
The usage based insurance (UBI) market is an ever-growing industry, with an estimated 100 million vehicles set to be insured worldwide with telematics policies by 2020. This is...
Four Digital Trends Disrupting the P&C Insurance Experience
The evolution of the insurance business is found at the intersection of technology and the customer experience. Digital technology is transforming every aspect of the property and casualty (P&C)...
Age Matters: Insurance Premiums at Record Highs but Telematics Cuts Costs for Young Drivers
We know from our own driver data at LexisNexis Risk Solutions company Wunelli and other external research that telematics policies – with driver communication – contribute to safer driving habits. It...
Delivering ‘Contextual and Value-Centric Insurance’: How can the industry gear up to meet the expectations of an ever-evolving market?
Traditional business models of insurance carriers and intermediaries (agents/brokers) across the globe are challenged due to the change in expectations of customers and partners, technology innovations, regulatory demands,...
J.D. Power: Auto Insurance Price Satisfaction Down, Overall Satisfaction Up
J.D. Power recently released its 2017 U.S. Auto Insurance study, which examines customer satisfaction, reported that rates increased for 26-percent of consumers this year. This, unsurprisingly, caused price...
TDCI, NAIC Share Money-Saving Car Insurance Options
NASHVILLE – With the rise of public transportation and ridesharing services steering many consumers away from the driver’s seat, the Tennessee Department of Commerce & Insurance (TDCI) encourages...
Insurance Commissioner Encourages Consumers to Discuss Possible Auto Insurance Discounts with an Insurance Professional
SOURCE Pennsylvania Insurance Department Usage-based insurance, transportation options spurring ways to pay less HARRISBURG, Pa., July 11, 2017 /PRNewswire-USNewswire/ -- The proliferation of usage-based insurance options, recent changes in driving behavior and more...