What is the point of telematics if you don’t use it?
Fleets not managing their telematics data feed are losing out on valuable risk management and cost-saving benefits, says Paul Rose, director of RVM Assist. The majority of fleets now use...
Rental firms could save £5m with telematics
Telematics could save the rental sector £5 million annually in insurance costs, according to In-Car Cleverness and Next Vehicle Rentals. The fall in insurance costs for businesses adopting technology is...
UK government encourages fleet telematics for public sector
The UK Government’s Crown Commercial Service has launched a vehicle telematics agreement to help the public sector improve fleet safety and efficiency. This brand new agreement has been developed to...
Insurers Could Find an Early-Mover Advantage from Telematics: Fitch
The motor insurance industry faces a significant shake-up from two waves of technological innovation – the growth of telematics and the development of driverless cars, according to Fitch. Over the...
Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research
While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech research...
UBI to drive insurance IT spending in US
The insurance industry in the Americas is highly competitive and regulated in nature. The insurance market in the US is influenced by economic and political conditions of the country. GDP...
UBI on a rise globally, Canada catching up
Usage-based auto insurance (UBI) is expected to grow exponentially over the next decade. IHS Automotive says that there will be 142 million global consumers using UBI coverage by 2023,...