Telematics Update: 51% of Insurance Policies are Predicted to Use PHYD (Pay How Your Drive) by 2020
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Telematics Update: During research for the Insurance Telematics Report 2013 Edition, Telematics Update conducted an industry wide survey of 1300 senior-level insurance and telematics executives to get their expert insight into winning insurance telematics business models. Executives were asked to predict the success of models such as
Telematics Update’s brand new 85 page report for 2013 gives insurers and telematics companies the chance to get a clear picture of exactly what’s happening in the insurance telematics industry. Detailed analysis includes the following topics:
• Market forecasts for the next 10 years: Find out when insurance telematics products and services will reach mass consumer uptake to adjust timelines to take the lead in the
• Prepare for gender legislation: Learn to adapt business models for telematics, as gender can no longer determine insurance premiums, to improve revenue in 2013 and beyond
• Business model case studies: Insight from Discovery Insure, Liberty Mutual and Wunelli determine whether PAYD, MHYD and PHYD will deliver the biggest ROI for insurers to make strategic investment decisions
• How to form partnerships: Understand data collection models and how this will determine which parts of the ecosystem from insurers, telematics providers, wireless carriers and OEMs need to collaborate for the biggest ROI
• Overcome data privacy concerns: Discover how customers can be incentivized to share their data to generate the biggest ROI from insurance telematics products and services
In addition to the survey results, the finding of the report has been supported by expert peer reviews.
The complimentary executive summary available to download via the website: http://www.telematicsupdate.com/insurance-report/index.php
Telematics Update has also advised that there is a
https://secure.telematicsupdate.com/insurance-report/purchase.php or by contacting the Telematics Update team at reports(at)telematicsupdate(dot)com
Telematics Update
+ 44 (0) 207 375 7517 / 1 800 814 3459 ext. 7517
cwright(at)telematicsupdate(dot)com
Read the full story at http://www.prweb.com/releases/2013/1/prweb10302224.htm
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