Monday 16 May 2011

Insurance Actuarial Monetization of Telematics Data

It is nice to see more insurance companies embracing telematics and related data to evaluate actuarial models and package more relevant solutions to customers.

These preliminary steps are positive, but there is a great deal of money under the cost curve that can be captured and returned to customers as well as fund innovation. Unfortunately, actuarial data is historical in nature, which poses a problem.

The more companies that put in the mathematics, the faster this will come.

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