The value of orthogonal data to insurers

It is anticipated that within the next three years, on average every human being on the planet will create about 1.7 megabytes of new information every second. This includes 40,000 Google searches every second, 31 million Facebook messages every minute, and over 400,000 hours of new YouTube videos every day. At first glance, the importance […]

Making the business case: Telematics investment for usage-based insurance

cloud changes DXC Technology

The oldest challenge in business, both inside and outside the insurance industry, is how to get a positive return on investment. When it comes to telematics and usage-based insurance (UBI) programs, that’s not always easy. Some believe, based on early industry experience, that it’s a “spend more to make less” proposition. In the U.S., many early […]

What is usage-based insurance – and why do insurers need it?

It’s not a stretch to say that telematics is revolutionizing the P&C auto insurance industry. Telematics, which Gartner defines as “the use of wireless devices and “black box” technologies to transmit data in real time back to an organization,” is typically used to collect and transmit data on everything having to do with vehicle status […]

Usage-based car insurance: Insurers hesitate, but is adoption inevitable?

Usage-based insurance CSC Blogs

Usage-based insurance (UBI) has been gaining ground for some years now, and while the jury is still out on some other domains such as health insurance, results in car insurance are very promising. Nevertheless, not all insurance companies are jumping at the opportunities UBI is presenting. For many businesses, the dual effort of upgrading their […]

Middle East Insurance: the time is now for telematics

Telematics enabled Insurance programs have proven to improve road safety. Perhaps Telematics for insurance is something the Middle East needs to consider now given the current status.

IoT: Where telematics and big data meet to create huge opportunities

In this article, Andrew Dart examines a range of telematic data sources – in homes, farms and wearables – and their actual or potential uses for insurance purposes based on insights drawn from Big Data analytics.

UBI: Finding customer value to drive success

In this article, Andrew explores the essential ingredients to launching a successful UBI motor product and how we can apply the lessons learned in other markets to successfuly launch in your market.

The UBI Genie is Out of the Bottle

Usage Based Insurance (UBI) is fast becoming a mainstream game-changing offering for Motor Insurers in the US, Europe and elsewhere. In this article, Andrew illustrates some of the key business benefits through a fantastic story about a magical wish granting Genie.

The Case for Connected Wearables in Life Insurance

Wearables in Insurance CSC Blogs

This article originally appeared in the January 2015 edition of Asia Insurance Review and was recently ranked by readers in the top 5 of articles published so far in 2015. Abstract: In this article, Andrew discusses the impact on mainstream awareness of health and fitness through the Apple Watch launch and how this trend will positively impact […]

Welcome to the world of Telematics

Recently I wrote a cover letter for a UBI Telematics proposal, to help our customer understand the implications of moving from a traditional insurance approach to the new world of connected insurance. Let me know what you think… Dear insurance colleague, Thank you for the opportunity to participate in this selection process, as it marks […]