In Summary I believe that telematics presents a positive disruption that introduces a new paradigm of fairness into motor insurance pricing. Many senior decision-makers in the industry agree. In a YouGov survey we recently conducted amongst decision makers from international insurance companies, the widespread adoption of telematics is now seen to be dominant in shaping the future of car insurance. When asked how the motor insurance industry would change over the next decade, all the top five factors mentioned relate directly to the application of telematics. It’s our belief that telematics will be critical to the evolution of the mobility and insurance industries. Its applications are many, but what is clear is its insights will be a powerful contributor making mobility safer, and insurance fairer as well as more profitable. If you’d like to find out more about The Floow’s approach to scoring, please contact me via info@thefloow.com
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