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Telematics: How Big Data Is Transforming the Auto Insurance Industry
Is your business prepared to adopt usage-based insurance? Innovation can be difficult to find in the insurance sector, especially because making significant changes make leaders uncertain. Telematics refers to the use of wireless devices to help enterprises transmit data in real time.
Consult this white paper to learn more about how the data recorded in telematics devices can help businesses create more accurate pricing, and improve risk management techniques that help reduce losses. Find out about the pros and cons of using telematics and how it can improve the insurance approach in the auto industry.