1. Market Research
  2. > Automotive
  3. > Motor Vehicle Market Trends
  4. > Telematics: Potential and Limitations

Telematics: Potential and Limitations

  • October 2014
  • -
  • GlobalData
  • -
  • 44 pages

Summary
Telematics has become a hot topic in recent years, with more and more insurers and brokers launching telematics-based motor insurance products. Telematics has the potential to improve the accuracy of risk assessment and pricing, as well as to increase touchpoints with customers and build relationships. However, insurers need to be aware of its limitations and shape their strategies accordingly.


Synopsis
- Analyze the limitations and benefits of telematics for insurers and consumers.
- Inform your strategy to maximize the long-term gains of a telematics proposition.
- Examine the incentives for consumers to opt for telematics, and the segments that are most likely to do so.
- Gain insight into the key issues affecting the telematics market, and what the future of this space will look like.

Reasons To Buy
- How can telematics improve your pricing methods for motor insurance?
- What are the other major benefits of telematics for insurers?
- Which market segments are most likely to opt for telematics-based insurance products?
- What will the telematics space look like in the future?

Key Highlights
There is significant variance in the implementation costs of different telematics devices and the quality of data gathered by each. Market segmentation is vital in adapting insurer propositions to the limitations of different device types.

Considering the directly financial benefit of premium discounts, only the high-risk young driver segment is likely to derive significant benefit from telematics.

As an increasing number of vehicle manufacturers produce telematics-enabled cars, insurers will be pushed more and more into the periphery of the distribution chain. This process seems inevitable in the long run, but insurers can maximize gains by investing in telematics propositions early and building expertise in the analysis of telematics data.

Table Of Contents

Telematics: Potential and Limitations

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Work Truck Markets in the World to 2020 - Market Size, Development, and Forecasts

Work Truck Markets in the World to 2020 - Market Size, Development, and Forecasts

  • $ 22730
  • Industry report
  • October 2016
  • by Global Research & Data Services

The expansion of the global work truck industry is forecast to reach 3.2% p.a. in the coming years. Between 2009 and 2015 the market increased with an average annual growth of 6.1%. Currently, electric ...

Work Truck Markets in Europe to 2020 - Market Size, Development, and Forecasts

Work Truck Markets in Europe to 2020 - Market Size, Development, and Forecasts

  • $ 12223
  • Industry report
  • October 2016
  • by Global Research & Data Services

The report package Work Truck Markets in Europe to 2020 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook for work trucks ...

Work Truck Markets in Asia to 2020 - Market Size, Development, and Forecasts

Work Truck Markets in Asia to 2020 - Market Size, Development, and Forecasts

  • $ 9031
  • Industry report
  • October 2016
  • by Global Research & Data Services

The report package Work Truck Markets in Asia to 2020 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook for work trucks ...

Electric Buses 2016-2026

November 2016 $ 5729

ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.