Most leading carriers in the U.S. have piloted or, in some cases, gone live with telematics insurance programs.
Oliver Wyman's new report, Uneven road ahead: Telematics poised to reshape auto insurance, suggests that usage - based insurance is poised to have a fundamental impact on auto insurance in the U.S. In this report, we highlight the benefits and challenges facing auto insurers in adopting a telematics program, and we offer a number of questions insurers must address when considering how to adapt to this paradigm shift in the industry. As companies strive to be on the cutting-edge of many emerging technologies, getting the proposition right can lead to substantial top- and bottom-line benefits.
