Despite the many effective applications of automotive telematics, there remains a fundamental question. How can insurers, drivers, and lawmakers use that data to implement driver coaching and improve driving behavior? And, how can they make sure those positive changes stick? Knowledge is power. And automotive telematics shines a precise and helpful light onto driving behavior that many drivers may or may not be aware of.
Tag Archive: Commercial_Auto_Insurance
Artificial intelligence, or “A.I.,” has already begun to transform things that were familiar to us into things that are much smarter, faster, and better. We choose movies, compose text messages, discover new music, and get driving directions all with the help of A.I. But how can artificial intelligence improve insurance?
The commercial auto insurance industry is shifting. And how it underwrites, prices, and sells fleet insurance is creating new profitability challenges. The industry clearly needs a fundamental change. Incremental optimizations have yielded eight straight years of red ink. To save commercial auto insurance for fleets and insurers, something needs to change.