Insurance telematics is a great idea: A driver installs a device in the car that tells the insurer how she drives. Selling this to consumers is the first battle. This podcast with Frederic Bruneteau, managing director of Ptolemus Group, has intensively studied various products — and failures — in Europe and North America.
The industry calls this technology “usage-based insurance” or UBI.
In this podcast, we discussed the few success stories and the danger that insurers without a telematics offering might end up with the worst drivers as customers.
Telematics and Market-Specific UBI Solutions with Frederic Bruneteau