Continued technology innovation is opening up new opportunities for auto insurance telematics
Boston, MA (Oct. 5, 2016) – Over the past year or two, insurers have expressed renewed interest in insurance telematics. Several factors have been at play: smartphones as sensors; greater consumer acceptance; connected cars; ambient telematics data; and, of course, telematics’ many benefits when it comes to underwriting, customer engagement, safety, loss control, and claims. Today, a vibrant marketplace of technology vendors continues to innovate and offer a host of solutions for insurers to compete in auto insurance telematics.
Based on over 80 Aite Group interviews and discussions conducted from May to September 2016 with executives at insurers and telematics technology vendors, this report highlights a range of vendors that could assist insurers in the telematics journey and delivers nine awards to vendors Aite Group recognizes as leaders in smartphone-only insurance telematics, device-agnostic insurance telematics, insurance telematics data exchanges, insurance telematics predictive scoring, telematics ecosystem pioneering, insurance telematics behavior modification, insurance telematics for claims, insurance telematics for next-gen commercial fleet, and insurance telematics emerging sensors. It discusses the market trends affecting auto insurance telematics in North America, Europe, and beyond, and profiles 31 vendors of solutions and services to the insurance industry: Accenture, Automatic Labs, ATG Risk Solutions, Baseline Telematics, Cambridge Mobile Telematics, Cellcontrol, CCC Drive, Cognizant, Concirrus, Drive Spotter, Driveway Software, Fleet Complete, Hubio, IMS, LexisNexis Risk Solutions, Modus Group, MyDrive Solutions, Nauto, Octo Telematics, Oseven, Prime Technology Group, Redtail Telematics, Scope Technologies, Smart Drivinc, The Floow, TomTom Telematics, TrueMotion, Verisk Analytics, Willis Towers Watson, Zendrive, and Zubie.
This 91-page Impact Report contains three figures and nine tables. Clients of Aite Group’s P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions 21st Century, AAA, Achmea’s Interamerican, Admiral, Agero, AIG, Airbnb, ALD, Allianz, Allstate Canada, Allstate’s Esurance, Amazon, American Family Insurance, American Transit Insurance Company, AT&T, Axa, Axa Assistance, Best Buy, CDK Global, CGI, Confused.com, Datafactory, Direct Line Group’s NIG, DirectLine Group, Discovery Insure, DriveFactor, Everquote, Fidelidade, Geico, General Motors, Generali, Google, Guidewire, Hitachi, Hollard Insurance, IBM, Ingenie, Injury Sciences, Insurance Market, Insutrielle Alliance, Intact, Inter Mutuelles Assistance, LeasePlan, Liberty Mutual, Lojack, MACIF, MAIF, MATMUT, Metromile, MIT, Mondial Assistance, National General, Nationwide, OnStar, OpenAIr Equity Partners, Orange, Pinnacle Actuarial Resources, Plextek, Plymouth Rock, Progressive, PSA, RSA, Satsafe, Signal Iduna’s Sijox, Starbucks, State Farm, Suncorp’s AAMI, Tapiola Intesa, Tata Consultancy Services (TCS), Telus, The Hartford, Transunion, Travelers, Uber, Verizon, Vodafone, Vodafone Automotive Telematics, Volskwagen, Walmart.com, Watchstone Group, Woop, Zipcar, and Zurich. Download the table of contents.
About Aite Group
Aite Group is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, securities & investments, and insurance, Aite Group’s analysts deliver comprehensive, actionable advice to key market participants in financial services. Headquartered in Boston with a presence in Chicago, New York, San Francisco, London, and Milan, Aite Group works with its clients as a partner, advisor, and catalyst, challenging their basic assumptions and ensuring they remain at the forefront of industry trends.
Source: Gwenn Bézard, Aite Group