the future for insurance telematics report

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The Future for Insurance Telematics:Smart Vehicle Technology

Map out a winning insurancetelematics business model totake your products mass-market

S E L E C T E D

F I N D I N G S

I N S I D E

OPEN NOW FOR YOUR SELECTED FINDINGS FROM THIS GROUND B REAKING REPORT

WWW.TELEMATICSUPDATE.COM/INSURANCEREPORT

Utilize global market research, case studies& key business strategies to capitalize on the

new era of insurance telematics



ORDER YOUR COPY TODAY, VISIT WWW.TELEMATICSUPDATE.COM/INSURANCEREPORTFOR MORE INFORMATION CONTACT [email protected]

The Future for Insurance Telematics: Smart Vehicle TechnologyMap out a winning insurance telematics businessmodel to take your products mass-market

Vital information you need to win decommissioning business in the GoM following Idle Iron NTL

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The only report focussed exclusively on Insurance Telematics, purchase your copy todayand get;

The inside track on data, information and strategies from over 20 leadinginsurers, OEMs, and suppliers

Extensive analysis of the products and services across the insurancetelematics industry including US, Europe [UK, Germany, France, Spain, Italy],Brazil, South Africa, Russia, Japan, and China

Comprehensive global market forecasts including device manufacturers andwireless carriers

Strategy advice on a winning insurance telematics business model includingmarket segmentation and partnerships

Real-life case studies from key insurance telematics pilots and programs

Telematics based usage-based insurance [UBI] strategies of major insurancecarriers and get their contact details

Accessing the insurance market represents the most exciting and lucrative opportunityfor technology companies in the telematics space. There is a huge demand for business

intelligence on the strategies of car manufacturers and insurance companies as theyhold the key to mass market penetration for first and second tier telematics vendors.

Insurance applications have the potential to revolutionise our industry. We’re workingwith telematics and insurance industry experts to bring you the intelligence you needto capitalise on this game-changing opportunity.

The Insurance Telematics Report 2011 produced by Telematics Update is yourroadmap to understanding the strategies of the key industry players and unlockingthe rapidly emerging Insurance Telematics market.

A must read report for decommissioning service providers

Tier 1 companies that are looking to directly supply telematics solutions to insurancecompanies and automotive OEMs

Tier 2 companies that supply the Tier 1s

Insurance companies and brokerages looking to enter new markets.

Report Methodology

The authors conducted in-depth interviews with 30 experts and decision makers in theTelematics ecosystem. This was supplemented by a detailed online survey, which receivedresponses from 175 users representative of the insurance telematics value chain. Additionaldata was gathered using carefully-selected secondary source material.

The report was then peer-reviewed by analysts at two leading global managementconsultancies with long-standing experience of the insurance industry.

Turn the page now for the ground breaking selected findings from this report!






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Includesschematicillustrations

tables of newdata and findings

Clear text format

Over comprehensivefigures

Over pagesof analysis,technologies andmethods

Selected comments from over 100 pages of in-depth research

50%of survey participants

predict significantinsurance telematics

growth of over100% in 2015

BRIC markets represent

one of the most

attractive propositions for

investment in the future

Privacy and data security issues are amajor concern for insurance telematics

end-users and customers

believe that the most appropriate role for

government and regulators in the insurance

market is to create a level playing ground

“Be transparent and let the customers knowhow the data will be used and you won’t

have a problem. Customers own the dataand should control use by third-parties ”

“GPS has become a dirty word in our society because of privacy concerns, so youwon’t see many products with built-in GPS”

Nearly 15%predicted automotive OEMs will control

the insurance telematicsmarket by 2015

$$$

illustrativephotographs






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6.2.3 Germany6.2.4 France6.2.5 Italy

6.3 Brazil6.4 Russia6.5 India6.6 China6.7 Canada6.8 Australia and New Zealand6.9 South Africa

. CASE STUDIES7.1 Progressive7.2 General Motors OnStar 7.3 Hyundai BlueLink7.4 Sector focus: Teenage drivers7.5 Wunelli7.6 Octo Telematics

. THE INSURANCE TELEMATICS LANDSCAPE IN

. STRATEGIC PARTNERSHIPS

. CONCLUSIONS

. ACKNOWLEDGMENTSSmart Vehicle Technology: The future for Insurance telematicsSmart Vehicle Technology: The future for Insurance telematics

ContentsEXECUTIVE SUMMARY

. INTRODUCTION

1.1 Scope1.2 Intended audience1.3 Methodology1.4 Internet survey and research questions

. MARKET OVERVIEW2.1 The state of motor insurance2.2 The global economy and automotive, insurance, and telematics2.3 Commercial and consumer telematics

2.3.1 Commercial/fleet markets2.3.2 Personal/consumer telematics

. PRODUCTS AND SERVICES3.1 Motor insurance3.2 Insurance telematics: A new paradigm.3.3 Insurance telematics products and services: A taxonomy.

3.3.1 Usage-Based Insurance

3.3.2 Pay How You Drive (PHYD) and Manage How You Drive(MHYD)3.3.3 Value-added services3.3.4 Customer relationship management

. INSURANCE TELEMATICS STAKEHOLDERS4.1 Insurers4.2 Vehicle OEMs4.3 Telematics Service Providers4.4 Solution providers4.5 Device manufacturers4.6 Governments, regulators, advocates, and first responders

4.6.1 United States4.6.2 Europe4.6.2.1 Regulation and supervision4.6.2.2 Risk selection and pricing

4.7 Customers

4.7.1 Commercial/fleet customers4.7.2 Personal/consumer 4.8 ITPS sales fulfillment and device installation

4.8.1 Built-in telematics4.8.2 After-market

. STRATEGIC ISSUES5.1 Challenges restraining the market5.2 The regulatory environment and lack of harmonization5.3 Device, technology and installation costs5.4 Winning business cases

. MARKET FORECASTS6.1 US market overview

6.1.1 ITPS market size in the US6.1.1.2 Auto insurance market size6.1.1.3 Number of devices and revenue6.1.2 US regulatory and state environments

6.1.2.1 California6.1.2.2 Michigan6.1.2.3 New York6.1.2.4 Texas6.1.2.5 Colorado6.1.3 Insurance players6.1.3.1 Progressive6.1.3.2 Allstate.6.1.3.3 AAA6.1.3.4 GMAC6.1.3.5 State Farm6.1.3.6 Geico6.1.4 Device manufacturers6.1.5 TSPs and wireless carriers6.1.5.1 Cross Country/ATX6.1.5.2 Hughes Telematics

6.1.5.3 Wireless carriers6.2 Europe6.2.0.2 Market dynamics6.2.1 United Kingdom6.2.2 Spain

LIST OF FIGURESFigure 1: survey demographics

Figure 2: what do you think is the most appropriate role for government and/or regulators in the insurance market?

Figure 3: who do you believe will lead/control the insurancetelematics market by 2015 (all survey respondents)?...12

Figure 4: which of the following statements best describes your perception of how the insurance telematics industry viewsprivacy and data security issues (for respondents currentlymonitoring the sector)?

Figure 5: which of the following statements best describes your perception of how the insurance telematics industry viewsprivacy and data security issues (for respondents not yetparticipating in the sector)?

Figure 6: US car sales following recovery predictions

Figure 7: insurance underwriting expense ratio

Figure 8: ITPS new paradigm – enabling PAYD, PHYD t0 MHYD

Figure 9: growth of insurance telematics products services is datadriven

Figure 10: Smartphone + driving ≠ safety

Figure 11: adaptive cruise control (early ADAS) the forerunner of Cooperative Safety Systems

Figure 12: value-added features most desired

Figure 13: JD Power and Associates 2009 US automotive emergingtechnologies study

Figure 14: PDN as platform – nav, tra c, UBI and MHYD

Figure 15: insurance telematics value chain – data flows

Figure 16: the roles of stakeholders and how they work together

Figure 17: Ford Work Solutions

Figure 18: personal and commercial insurance distribution channels,direct vs independent agents

Figure 19: new technology adoption rates

Figure 20: consumers want data transparency

Figure 21: the dynamics of the market

Figure 22: value chain alternatives

Figure 23: Allstate DriveWise module

Figure 24: UBI opportunity for US after-market units

Figure 25: ITPS aftermarket device revenue – US after -market

To see full list of tables visit www.telematicsupdate.com/ insurancereport






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Format: Secure PDF Extent: 100 pagesRelease date: May 2011Price: $1795

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