Insurance telematics: The five stages of value
Insurers need to drive costs down across their operations, to bolster the bottom line and reduce the dependency on investment income. And they need a way to cement customer loyalty, to reduce price sensitivity and rates of churn and drive revenue up. In this white paper discover how automotive insurers can use the Internet of Things to manage risk, drive efficiency and create customer intimacy.
The Internet of Things can deliver the step change in operational efficiency and customer loyalty that the automotive insurance sector needs to remain competitive. Drivers today feel little loyalty to their insurer. It’s easy to see why. Many see their annual premium as a tax on driving, and feel they get little back from their insurers in return.