Nuts and bolts of insurance telematics

Image courtesy: Jan Stastny/SXC.hu

Image courtesy: Jan Stastny/SXC.hu

In insurance, Telematics is used to offer a personalized insurance solution for car owners, by remotely monitoring the driver’s driving habits. Insurance telematics, along with a usage based insurance (UBI) model can offer reduced EMI as a reward for good drivers.

While insurance executives often find it easier to convince car owners to buying one, the sales tactics need to be completely different when it comes to target the commercial fleet drivers.

Get the entire story behind Telematics in this Insurance & Technology article.

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