Telematics

Telematics transforms insurers from claims payers to prevention partners, revolutionizing management of distracted driving.

The three prominent insurtechs recently released results that are encouraging, but all still face significant hurdles.

As telematics solutions become more affordable, fleets can enhance safety and lower insurance costs.

As dashcam adoption surges, these devices are becoming crucial weapons against rising insurance fraud and staged accidents.

Unified fleet management platforms with AI dash cams provide critical insights to improve safety, satisfy insurers, and optimize operations.

This IoT has yet to realize its full potential but will allow carriers to focus on what insurance is intended to do – protect people and businesses. 

With usage-based insurance, carriers can detect accidents instantly and dispatch assistance, but many aren't taking full advantage of their programs. 

Telematics is the key, but four obstacles have to be overcome for it to achieve its full potential.