There is a conversation being held around telematics at almost every level of the insurance industry these days. One place where the conversation began over two years ago is at Zurich, where Jim Noble, line of business director, motor fleet, for the risk engineering group of Zurich Services Corporation, has seen benefits for both his company and its customers using Zurich Fleet Intelligence.
"It's definitely beneficial and the benefits have come in many different forms," he says. "The insurance product will evolve as the technology evolves. We've gone from clunky black boxes to smaller, more agile units to pocket size units to smartphones. Who knows what the technology evolution will provide us. The trick for insurers is to be agile and react to quick changes in technology and understand what value we can get from telematics and how we can help our customers achieve that value."
Noble is on the fleet side of Zurich's commercial lines division, but he believes there is as much if not more going on with personal lines.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
