Digital Insurance: Insurance telematics space gets crowded as automakers, startups join the fray
“Insurers thought they were the only players interested,” said Donald Light, director of Celent’s North America property/casualty practice. “But in 2016 tech companies said ‘wait, there is all this other data out there that we can get our hands on.'”
There's a new age of telematics dawning as auto manufacturers, technology companies and startups join insurance providers in the pursuit of connected-car data. Over the past year and a half, these players have entered partnerships aimed at ramping up engagement with car owners and monetizing data for insurance underwriting at an aggressive rate.
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