Blog: The future of telematics
Steve Kerrigan of LexisNexis Risk Solutions outlines how telematics has changed the market and examines where this technology is heading next.
Telematics is arguably the first InsurTech proposition to have a profound impact on the insurance market, fundamentally changing the way that brokers and insurers engage with customers through the lifetime of their policies.
For brokers, telematics offers differentiation in a fiercely competitive market and a unique opportunity to take an active role in lowering claims costs for insurer partners.
We now have sound evidence of the effectiveness of telematics in reducing claims costs, reducing
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