London, 23 August 2018 – Commercial insurance carriers must evolve in the commercial vehicle landscape as new mobility options become the norm, or they risk losing the ability to compete and grow their commercial books of business. This evolution will be challenging and encompasses changing product offerings, rethinking underwriting methods, and developing new claims processes. But telematics providers are evolving to match the changes in the mobility space, delivering new products and technologies that allow fleet operators and insurance carriers to better manage risk and reduce expenses.
This report outlines key commercial vehicle market trends as well as the current telematics solutions offered to address those trends and profiles the following 18 vendors: Accenture, Amodo, Arity, Baseline Telematics, Cambridge Mobile Telematics (CMT), eDriving, EXL, The Floow, Intelligent Mechatronic Systems (IMS), LightMetrics, messageLoud, Nexar, Octo Telematics, Scope Technology, SpeedGuage, TransUnion, Verisk, and Zendrive. It is based on interviews and discussions with over 50 executives at insurers and telematics technology vendors across North America, Europe, Asia, and Africa. The interviews were conducted between May and July 2018.
This 46-page Impact Report contains eight figures and five tables. Clients of Aite Group’s P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions AIG, Allstate, American Transit, Answer Financial, AXA Direct, BNP Paribas, British Telecom, Caixa Seguradora, Cellcontrol, the city of Chicago, FICO, Generali, Group Sura, Hereford, Industrielle Alliance, Maritime Financial, Mobly Belgium, Nationwide Insurance, Nestle, P&V Insurance, Porsche, SGI Canada Insurance Services, Sur, Tribe, Triglav Group, and Zurich Risk Services.