IoT Insurance Observatory reposted this
Co-Founder, Board member, Insurtech Thought Leader, Keynote speaker and writer on insurance innovation
My fellow auto insurance professionals, you don’t need the #Telematics Genie to grant your CEO’s wishes …with the technologies available today, you can do it‼️ There are case histories that have demonstrated with Facts&Figures that this is achievable 👉🏻 https://bit.ly/3W0Cp4m It will not appen overnight (magic transformations are only tale stuff), but it is an achievable target with a multi-year commitment What are you waiting for starting (seriously) you telematics journey? 🤔 #iotinsobs
Do so agree Matteo - more compelling than ever for loss ratios , innovation and consumer satisfaction and retention . REDTAIL here to help !
Totally achievable with the right customer proposition, technology, and commitment across all relevant stakeholders / partners insurer-side. Tend to see capped results when launched and operated in silo, despite the speed and agility that might offer. And yes, it takes time to achieve the transformative impact on underwriting performance. But there are typically some quicker wins e.g. improved acquisition, risk selection or CX, which are non negligible in today’s competitive markets.
Are your current telematics programs granting all these theee whishes? Which (personal or commercial) insurance international program do you consider the most ISO-Genie? Hobie Thomas Kelly Dave Steven Rob Briana Joel Katy Michele Nathan Gareth Sean-Michael Chris Tony Barney Ben Jim Neelam Brendan Stefano Morgan Michael David Aldo Nicholas Jonathon Anton Luke Josh Marco Sten David Nino Cristina Julien Sandra Josep Cees Omkar Christian Richard Mano Steven Henry Stacy Dipu Marianna Srivathsan Margan David Susanna Caleb Joe Bill Brandon Imen Paul Toon Malgorzata Lori Darryl Chuck Scott Matt Amir David Ryan Eric @Pablo Paul-André Rod Karen Mike Harry Matthew Shaughn Tyler Wataru Bill Alberto Stephen Kohl Stefano Ami Paula Jan Francois Claire Carlo Anwar Miro Hugues Rodrigo Edward Julien Fursat Frank Philippe Kalli Yashwani Hasan Oliver Jörn Alexandre Andrea Marco Ludwig Frank Thorsten Dominik Martin René Jacques Thomas André John Mario Dr. Dino Zvi Nicolas Frederic Frank Melissa Megan Robert Sierra Amir David Richard Henry Joakim @ Jerome Ron Justine Michael Steve Anthony James Ilan Karen francesco Gregory Nathan Miller Mitesh Ian Pramod William Barney Thompson Michael Paul Leon Marco David Srinath Adam Kyle Tony Anita Dhanushka
Matteo Carbone refreshing to see a realistic and practical approach. Telematics technology and deployments have been around for a long time. Think back to Progressive in 2010 and a decade later deploying viable solutions. You offer the reference cases and proof and will still take years to achieve successful deployments. All the more reason to start now and gain a competitive advantage. Hope insurers take up your offer.
Or, you can just wait and let adverse selection eat your book
AI Strategy and Innovation | CEO and Board Advisor | DataIQ100 (2024, 2023, 2022) | Help Organizations to Adopt and Scale Next Generation AI Solutions
1moI was just thinking about GenAI telematics genie 🤭