Read a Deloitte perspective on the role that telematics data may play in the auto insurance business
William J Mullaney, external senior advisor at global Deloitte Consulting and former head of MetLife’s Auto & Home business has watched with interest the role that telematics data may play in the auto insurance business. He comments that while we have long realized driving behaviour information has the potential to fundamentally change risk selection, the high cost of data collection and analysis, coupled with the requirement to enrol drivers, presents significant and prohibitive challenges.
Based on how the auto insurance market will change with the use of telematics data, he believe the time to act is now. Download the report to read more.