Wawanesa and Octo are in a fantastic position to give our delegates the view from both sides of the insurance telematics ecosystem.
(PRWEB) March 03, 2015
While it is clear that the prospect of reduced premiums is the primary reason why young Canadian drivers are signing up to UBI policies, more mature audiences may need a greater value proposition to be enticed. Due to current regulations, the application of UBI in Canada is in a very stripped-back form. Its full capability is starting to be realised in the US and Europe where tracking, predictive maintenance, emergency breakdown services are at the top of the value-added services wish-list. These concepts are in their infancy in Canada and the core responsibilities of how such products are managed needs to be worked out between insurer and service provider. The panellist on the session will be Nino Tarantino, CEO at Octo North America and Amanda Evenson, Manager, Product Innovation at Wawanesa.
Jack Palmer, Project Director for the conference commented, “With dongle devices costing upwards of $150, a business model needs to be worked out whereby it becomes viable for insurance carriers to offer consumers a UBI product. While surcharging not permitted in Ontario, other revenue streams need to be found and value-added services could be the missing piece of the puzzle.” He continued, “Wawanesa and Octo are in a fantastic position to give our delegates the view from both sides of the insurance telematics ecosystem”.
The Insurance Telematics Canada 2015 Conference & Exhibition (23rd-24 April 2015, Westin Prince Hotel, Toronto) will unite the emerging technical players of the UBI space with Canada’s biggest insurance carriers and brokers, making this a must-attend event to coincide with the recent rapid expansion of the industry.
For all the latest updates from Insurance Telematics Canada 2015, visit: http://www.tu-auto.com/insurance-telematics-canada/
Register by March 27 via the secure link below to take advantage of a $100 saving on all conference passes: http://www.tu-auto.com/insurance-telematics-canada/register.php
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