Today 700+ insurance and telematics execs including Progressive, Zurich, The Hartford, AAA Club Partners, Liberty Mutual and Ford met in Chicago to discuss how insurers can enhance the consumer UBI proposition by integrating value added services for product differentiation.
The world’s largest gathering of insurance and telematics execs, hosted by Telematics Update, is in full swing at the Radisson Blu Aqua Hotel in Chicago. 60+ expert speakers from the most innovative and influential companies in the market such as PCIAA, Progressive, NAIC, Ford, eSurance, Sprint, Octo, American Family Insurance and Towers Watson have taken to the stage today to discuss a new era for automotive insurance: enhanced usage based insurance services. Situated in Chicago, the home of many leading US insurers, Insurance Telematics USA has united the insurance telematics value chain to capture the buzz in the telematics industry right now; that insurers can enhance the consumer UBI proposition by integrating value added services for product differentiation.
Precksha Saksena-Sood, managing director, Telematics Update, is on the ground at Insurance Telematics USA. “It is clear that the delegation onsite today is excited. There are huge opportunities for both the insurance and telematics community to make gains if they work together. The UBI market is seeing a sizeable growth in small and medium sized carriers. In my panel session later today we’ll be discussing the pros and cons of outsourcing vs. in-house development. The conference is the ideal chance for players to form those crucial business partnerships. ”
Just moments a go Dave Pratt,Pratt, general manager usage based insurance, Progressive Insurance gave an exclusive insight into Snapshot and IP. Delegates got a first-hand look at Snapshot and explored its potential evolution across mobile devices and embedded platforms to see how market leaders are set to advance the space. For those who missed the conference, audio recordings of the session will be available to purchase after the event. (http://www.telematicsupdate.com/insurance-telematics/)
From a media perspective, this year, Telematics Update has pulled out all the stops. Zsofia Kulcsar, assistant marketing manager at Telematics Update, also on the ground at Insurance Telematics USA, has commented: “We’re also getting set for the live industry poll we’ll be hosting later today to capture the key trends and opinions in the industry right now. The event is the biggest day in the insurance telematics telematics calendar so we didn’t want to miss out on the chance get the opinions of the experts working in the space.”
Telematics Update will also be conducting a series of video interviews with some of the conference speakers such as eSurance, PCIAA, Progressive and American Family Insurance and they’ll be released on the Telematics Update website over the coming weeks: www.telematicsupdate.com
The Telematics Update journalists are on hand to sum up all the key takeaways from the conference so those onsite, and those who could make it on the day, still won’t miss a trick. The day one round-up will be available via the TU website tomorrow morning, Thursday September 5 and the day two round up will be available on Friday morning (September 6) on the TU website www.telematicsupdate.com
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