The amount of data available for telematics vendors will continue to increase.
There are ever greater numbers of sensors on cars, and the rise of assistive technology means the amount of data available is increasing rapidly. Telematics has already been introduced to the industry. However, the more data that becomes available, the more insurers can know about how their customers drive.
I anticipate insurance providers will increasingly leverage telematics technology to better understand who their customers are and how they are driving to more accurately price policies. Recent developments in telematics, fair pricing, product bundling and more will prove to be instrumental in moving the industry forward.
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