Telematics Cloud Deployment Enables Better Data News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Worldwide Insurance Telematics Industry to 2026 - Increasing Smartphone Penetration is Driving Growth
April 01, 2021 08:13 ET
| Source:
Research and Markets
Research and Markets
Dublin, IRELAND
ResearchAndMarkets.com s offering.
The Insurance Telematics market is expected to grow at a CAGR of 18.5% over the forecast period (2021 - 2026). Telematics insurance usually works by setting up in the vehicle a device, termed usually as a Black Box, which records different metrics of the latter, such as speed, distance, and the type of road one travels.
This device also monitors the braking pattern and driving style, which is utilized by insurance companies to compute the premium accordingly. Insurance telematics poses the potential to alter the current scenario of motor insurance and positively impact claims, risk selection, and fraud detection. As of now, the industry is still at a nascent stage of developm ....

United States , United Kingdom , Admiral Group , Agero Inc , Technology Snapshot , Trimble Inc , Verizon Enterprise Solutions Inc , Company Profiles , Masternaut Ltd , Sierra Wireless Inc , Mix Telematics Ltd , Telogis Inc , Porter Five Forces Analysis , Telematics Market , Insurance Telematics , Black Box , Telematics Cloud Deployment Enables Better Data , Dominant Position , Topics Covered , Market Drivers , Five Forces , Tom Telematics , Enterprise Solutions , Research And Markets , Pay As You Drive , Pay How You Drive ,