HOUSTON, April 22, 2015 /CNW/ - Telematics has the potential to completely transform the way automotive insurance is provided, reducing both costs for consumers and risk for insurance providers. If the technology and its applications in automotive sound futuristic, it is safe to say that future is already upon us.
Today, around 7 million drivers are using telematics products worldwide with research indicating that by 2017, the global telematics market will be 89 million drivers - 15% of the total driving population.
The inaugural Telematics Insurance Data Management & Product Design 2015 (June 24-25, Chicago), has been purposefully designed to allow insurers to exchange the very latest in cutting-edge technology, tried and tested pilots and case studies, and best practices for managing and integrating huge streams of complex data into driver score and pricing. The event will demonstrate how insurance providers are integrating telematics products into auto-insurance business models.
The first in a revolutionary new series, this unique initiative is coming to Chicago with a dedicated focus on delivering best practices in telematics, data integration, device selection and consumer adoption to justify the business case for telematics products for total market penetration.
Join speakers from Washington State Office, Zurich Insurance, Progressive Insurance, Nationwide Insurance, State Farm Insurance, MetLife Insurance, RSA Canada, The Co-Operators Insurance, Volkswagen, Kia Motors, Wawanesa Insurance, National General Insurance and more over the 2 days.
The initiative is the first of its kind, however American Business Conference's history in the insurance and automotive spaces date back to 2008, hosting events focused on In-Vehicle Infotainment, Smartphone & Embedded Connectivity Vehicle Integration and Weather Insurance Risk, to name but a few.
For more information on the upcoming event in Chicago, please follow this link: http://www.telematics-insurance-data.com
SOURCE Telematics Insurance News
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