M2M Telematics can reduce claims expenditure by up to 30 percent
London (PRWEB UK) 2 December 2013
In-car telematics can increase traffic safety and reduce insurance premiums for safer drivers. Many studies have already proven that driving behaviour data enables more conclusions to be drawn about the individual risk of damage for car insurance than the factors currently used, such as age, annual distance driven and location. From the transformation of old business models to new usage based insurance products, insurers can offer competitive price reductions to those customers who drive more responsibly, and therefore help to attract low risk new customers with British and American insurance companies already establishing that these telematics systems can reduce claims expenditure by up to 30 percent.
(Source: Telefónica, 16 April, 'New M2M solution can reduce car insurance costs', https://m2m.telefonica.com/m2m-media/m2m-downloads/detail/doc_download/508-telefonica-insurance-telematics-new-m2m-solution-can-reduce-car-insurance-costs)
Against this backdrop, SMi’s 2nd annual M2M Telematics for Usage Based Insurance conference, taking place on 19-20 February in London, will bring together senior level delegates from all aspects of the insurance and commercial automotive industries to find out more about these developments and how to make the most out of the new business opportunities they present. From new device development and connectivity partners, to dynamic real-time data on driver behaviour, companies now have the opportunity to understand risk at a much deeper level and the ability to translate this intelligence into a meaningful commercial advantage.
Speaker Panel includes:
- Mark Grant, Business Development Director, insurethebox
- Crispin Moger, Managing Director, Young Marmalade
- Ian Digman, Product Planning General Manager, Nissan
- Ibrahim Ozturk, VP of Information Technology, Turkcell Iletisim Hizmetleri A.S.
- Paul Middle, Telematics Lead, RSA Insurance Group
- Rory Morgan, National Logistics General Manager, Iron Mountain
To view the full speaker line-up and conference programme, visit http://www.smi-online.co.uk/2014m2m23.asp
Getting the most from Big Data in the Connected Car market Pre-Conference Workshop | Led by Emil Berthelsen, Principal Consultant, Machina Research
The connected car is introducing significant changes to the automotive industry. While enabling optimised vehicle performance, improved service routines and enhanced customer experiences, the connected car has also opened significant opportunities from the data that is generated. This connectivity and data has started to build new relations in the industry, and provides further opportunities for e.g. vendors, insurers, public organisations, and system integrators to combine this data with other data sources (e.g. M2M), design new propositions, and deliver new benefits to customers. Attendees of the workshop will be encouraged to participate actively during the workshop; openly sharing their experiences, perspectives and ideas.