Telematics has transformed the insurance industry into a dynamic, data-driven sector that benefits both insurers and policyholders. By leveraging real-time data collection and analysis, telematics enables more accurate risk assessment, personalized insurance premiums, and enhanced customer experiences. This article delves into the role of telematics in insurance, its applications, and the significant advantages it offers.
What is Telematics Insurance?
Telematics in insurance combines telecommunications and informatics to gather real-time data from vehicles or devices using advanced sensors, GPS, and communication technologies. Continue reading...