Telematics

One insurtech has tried, but Hippo has burned through $628 million in cash and is spending more than $1.50 for every dollar of premium it is generating. 

As part of this month’s ITL Focus on smart homes, we spoke with Matteo Carbone, the founder and director of the IoT Insurance Observatory, about how far the technology and adoption have progressed and where the market goes from here.

As part of this month’s ITL Focus on telematics, we spoke with Dave Wechsler, vice president of growth initiatives at Hippo Insurance.

"I often tell people that my favorite line from my Silicon Valley days is, “Never confuse a clear view with a short distance” — and I surely made that mistake with telematics..."

Increasingly, insurers can understand how and when people drive, as well as how vehicles interact with the road and their drivers.

Telematics solutions let customers leverage their driving data’s potential to enable discounts and operational savings.

Interest in pay-as-you-drive or pay-per-mile policies has increased in 2020 as more Americans are working from home.

Connected vehicles, and their shared language of data delivered through an exchange, are the future of telematics.