Global Commercial Vehicle Insurance: Why Insurers Need Telematics for Profit

Telematics systems create ways for carriers to control claims exposures and increase engagement

Boston, MA (Aug. 12, 2020) – The commercial vehicle insurance market has been facing strong headwinds for the last few years and is finding it increasingly difficult to manage risk while controlling costs and improving customer interactions. Carriers have looked to telematics systems as a partner in this fight for many years, but technology advancements have created new opportunities for carriers to leverage these systems throughout their commercial vehicle segments. As the commercial vehicle insurance market continues to evolve, can these solutions help the industry manage current risks and prepare for future changes?

This report outlines key commercial insurance market trends and presents a telematics feature function roadmap. It discusses what lies ahead for the market and profiles 12 vendors: Amodo, Arity, Azuga, CMT, DriveQuant, IMS, OCTO, SpeedGauge, Telematicus, The Floow, Verisk, and Verizon Connect. This report’s analysis is based on 25 interviews of global telematics companies and other insurance industry executives and influencers conducted during Q1 and Q2 2020.

This 56-page Impact Report contains eight figures and eight tables. Clients of Aite Group’s P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

Click here for the online summary or to download the table of contents.

This report mentions AIG, Allstate, BNP Paribas, CalAmp, Carrot, P&V Assurance, Philadelphia Insurance, and Porsche.

About Aite Group

Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us at www.aitegroup.com.

Source: Aite Group

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