Blog: The telematics market - an opportunity for insurers?
Telematics technology is 22 years old but it's only over the last five to 10 years that telematics has really become a driving force in disrupting the insurance sector by challenging risk models. However, despite this evidence, rates of adoption still remain low according to Andy Goldby, chief actuary at The Floow.
The latest figures from the McKinsey Center for Future Mobility show that the US has overtaken Italy as telematics’ strongest market but even here penetration is still only 20% due to high costs and
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