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Best Practices and Guidelines for Insurance Telematics and UBI

Charting a Course to Insurance Telematics and UBI Success

Executive Summary

Insurers evaluating insurance telematics technology generally recognize that launching a program is a massive undertaking. To gain a clear understanding of telematics and to implement a successful program, insurers face a labyrinth of choices and must make informed decisions to align company resources and ensure company-wide buy-in to the technology proposition.

Over a series of stages that extends from planning to deployment and beyond, those tasked with the program launch bear the responsibility for achieving key objectives and making certain that the completed program meets expectations.

Telematics Insurance Best Practice and Usage Based Insurance Guidelines

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Table of Contents

    • Choosing And Working With A Telematics Service Provider
    • Establishing a Road Map to Deployment
    • Best Practices In The Launch Of An Insurance Telematics Program
    • Developing an Effective Business Case
      • Align with Corporate Objectives
      • Use Current Telematics Capabilities to Transform Your Business Model
    • Primary Considerations As You Get Started
    • Reinforcing The Best Practices
    • Highlighting The Common Themes For Success
    • Predominant Themes in Insurance Telematics’ Future
    • Near-Term Opportunities
    • Mobile Telematics Entry Path
    • Other Mobile Application Opportunities

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