Insurance Telematics Improves Retention, Revenue and Rates

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Safer Roads, Safer Drivers: Thank You Telematics As the saying goes, "knowledge is power" and it seems more and more insurance providers and fleet managers are embracing this notion in the form of telematics. More devices are connected to vehicles each day, and with each new connection comes a portal into user/client behavior. When properly leveraged, this invaluable data can help a business sculpt a plan for the future with confidence, manage costs and reduce risk. For nearly a decade now many insurance providers leveraged telematics to reasonably predict future behavior of their policyholders, and offer (usually) a lower rate that was commensurate with the level of risk derived from that data. But that's what some call "a race to zero." A recent Sprint whitepaper, "Connect with Telematics to Build Brand Loyalty" illustrates the many customer retention, revenue and competitive benefits a new generation of telematics capabilities can provide. No longer is the technology limited to simply writing down business, but rather growing and enhancing it. Learn how. Download the whitepaper now.

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