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Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit www.adlittle.com

FINNOVATING

Finnovating is a Matching as a service platform that enables X-Techs from all around the word to connect , collaborate and get the funding they need to grow from investors and corporations globally. The Finnovating platform is a space were the key players of the Tech industry can connect together easily and boost global Tech innovations.

SØNR

Sønr is the world’s most comprehensive source of innovation intelligence. It is a subscription platform used by some of the best known insurance companies globally.

It tracks millions of companies around the world and provides insight on the latest market trends, the startups and scaleups reshaping the industry, and intelligence on how other big insurers are innovating.

Sønr includes a suite of tools designed for teams to better collaborate and connect. From recording meetings to capturing and sharing Notes, to being able to track and share activity across the company using Watchlists and CRM boards.

The platform is backed up by a team of consultants, researchers and analysts who support clients in discovering and creating new business opportunities.

Insurance telematics: A game-changing opportunity – Accenture

Article Synopsis :

To acquire new customers and retain  existing ones, motor insurance carriers need to differentiate themselves in terms of product offering, risk pricing and claims handling. Maturing telematics technologies and devices are driving the evolution of usage-based insurance and provide a solution for product differentiation, better risk management and enhanced claims experience that aligns with individual driver profiles.

 The Digital Insurer reviews Accenture’s Report on Insurance telematics: A game-changing opportunity for the industry

Telematics, a win-win for both insurers and customers 

In the research report “Insurance telematics: A game-changing opportunity for the industry”, the Accenture team highlight the latest developments in the global telematics space and outline the important success factors when developing a telematics strategy. These include the need for:

  1. Quick and agile pilots that enable continuous improvement
  2. A detailed understanding of the source of sustainable ROI in the short- and long-term
  3. Clearly developed and flexible propositions that will engage different customer segments, and drive value for end-customers, agents and brokers
  4. Recognition that telematics is only the starting point, not the final destination

The Accenture team hail telematics adoption as a win-win situation for both insurers and customers. The report also highlights that telematics is gaining momentum in motor insurance and cautions insurers to be prepared for the next phase of disruption for ensuring success in telematics.

Digital Insurer's Comments

Telematics systems are capable of generating actionable real-time insights that can help insurers enhance driver safety, customer satisfaction and ROI. However, insurers keen on implementing a telematics strategy need to broaden their understanding of telematics usage within the underwriting and product development life cycle.  We believe that insurance telematics has moved passed  the buzzword status in Asia and insurance carriers are starting to adopt telematics technology. Technology companies and automakers are rewriting the telematics rules and carriers who fail to spot the emerging trends in telematics will expose themselves to greater competitive risk in the coming future. 

Link to Source:: click here

 

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