Insurance telematics takes centre stage

Five years from now most UK insurers will have a telematics solution on the market, though these solutions will work in different ways to assess driving risk, according to Walters’ forecasts.

The one commonality will be that all insurers will try to leverage the devices to reward the good drivers and jettison the bad.

The Insurance Telematics Europe 2012 Conference will provide the industry with a strong platform to kick-off this discussion.

Auto OEMs, wireless carriers, device manufacturers and insurers will convene at Insurance Telematics Europe 2012, May 9th-10 in London to discuss how to send insurance telematics mass-market.

There is already a great deal of growth in this landscape and several companies are forging forwards to enter and capture this market. Most of the insurance companies across Europe are running extensive pilot schemes and several are looking to launch their products in early 2012.

Are you looking to be a part of this? Research has proven that there are several key issues that need to be addressed such as regulation changes, such as the new gender ruling law in the UK, consumer acceptance, privacy concerns and the creation of a viable business models, but these are vastly outweighed by the ever-growing opportunities and this markets returns on investment.

Insurance Telematics Europe 2012 aims to address these crucial issues with speakers confirmed so far including, Zurich, Aviva, Magneti Marelli, Telenor, KPN , Generali and Insurethebox.

They will address key industry challenges, such as:

• Building strategic partnerships
• Capitalizing on dynamic business models
• Data management & analysis
• The impact of EU & regional regulations
• Succeeding within the commercial insurance space
• Boosting consumer acceptance of UBI Smartphone & apps integration
• Exploring new markets and verticals

“This event will become the essential annual conference to stay connected within insurance telematics," said Mike Slattery, consumer innovation, Liberty Mutual.

For the complete Insurance Telematics Europe 2012 conference program and speaker line-up, access the e-brochure here or contact the Telematics Update team at: insuranceeu@telematicsupdate.com.

Register today to join 300+ senior delegates.