(PRWEB) January 09, 2013
Telematics Update: During research for the Insurance Telematics Report 2013 Edition, Telematics Update conducted an industry wide survey of 1300 senior-level insurance and telematics executives to get their expert insight into winning insurance telematics business models. Executives were asked to predict the success of models such as Pay How You Drive (PHYD), Manage How Your Drive (MHYD) and Pay As You Drive (PAYD) to enable insurers and telematics companies to make strategic investment decisions when forming their strategies to access this burgeoning market in 2013 and beyond.
Ruthana Foulkes, Insurance Telematics Project Director, Telematics Update stresses the importance of formulating an insurance telematics strategy now, whether insurer or telematics company, in order to become a key player in this space. “Telematics is about to drastically alter the insurance market. We need to establish which business models, whether that be PHYD or PAYD, will generate the biggest ROI for insurers and the rest of the ecosystem can align their strategies accordingly. With players like Zurich, Wunelli and Progressive leading the way, it’s only a matter of time before others jump on board and make the most of this new opportunity for partnerships and revenue streams”.
Telematics Update’s brand new 85 page report for 2013 gives insurers and telematics companies the chance to get a clear picture of exactly what’s happening in the insurance telematics industry. Detailed analysis includes the following topics:
In addition to the survey results, the finding of the report has been supported by expert peer reviews. Tony Lovick, Senior Consultant, Towers Watson, said: “This report gives the broadest picture to date of everything that is going on in the insurance telematics world. I recommend this report to insurance telematics executives seeking to inform their future business strategies and investments."
The complimentary executive summary available to download via the website: http://www.telematicsupdate.com/insurance-report/index.php
Telematics Update has also advised that there is a $1,000 launch discount available on the report until Friday 25th January. The report can be purchase via the website:
https://secure.telematicsupdate.com/insurance-report/purchase.php or by contacting the Telematics Update team at reports(at)telematicsupdate(dot)com
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