Trajectory Group LLC, a strategic advisory, business development and marketing consulting services firm, has released its Global Insurance Telematics Market Intelligence Report. The report provides a comprehensive analysis of how insurance companies can use telematics to increase operational efficiencies, determine new and more accurate pricing models and attract more customers.
Telematics could be a game changer in the insurance industry because it offers a way for insurance companies to establish rates based on actual vehicle and driving data, not on proxies such as demographics, age or gender, car model, driving record or credit score. Consumers can benefit from telematics because their insurance premiums can be personalized to their individual driving habits.
“For all the benefits telematics offers, the technology is still perceived as very complex to manage and presents many challenges including its business case,” says Ralf Hug, president of the Trajectory Group. “This business intelligence report can help insurers, service providers, automotive companies and others understand the latest trends, business models and key telematics building blocks and players. It can also help these stakeholders develop and refine their telematics strategy, attract more customers and grow profits.”
The Global Insurance Telematics Market Intelligence Report includes 177 pages of information and insights gleaned from more than a decade of global telematics experience. The report focuses on the U.S., European and Chinese markets and offers a deep dive into the world of insurance telematics, including market overviews; hardware, software and delivery platforms as well as value added services and analytics.
The Trajectory Group developed the report specifically for those operating in the automotive telematics, insurance telematics, aftermarket telematics and fleet management industries.
The report is available in English as well as Chinese language versions.
For more information or to purchase the report, visit http://www.trajectorygroup.com/site/drupal/work/reports/itr or contact sales(at)trajectorygroup(dot)com.