Welcome!

News Feed Item

Best's Review to Present April 9 Webinar on Telematics/Usage-based Insurance

In a webinar hosted by Best's Review magazine and sponsored by Teradata Corp., a team of technology and insurance experts will discuss the power of harnessing new telematics data sources and analytics to build competitive differentiation -- better pricing and profitable underwriting, greater customer segmentation, improved claims servicing, fraud and retention. The panel also will discuss how to structure a telematics/UBI program to select, measure and reduce risk as well as reduce claims, and how telematics technology will evolve and transform. The webinar is set for Wednesday, April 9 at 2 p.m. Eastern Time.

Register for the complimentary webinar at http://www.bestreview.com/webinars/telematics14.

Panelists for this webinar include:

  • Geoff Werner, Head of Global Usage-based Insurance, Towers Watson
  • George Ayres, Vice President of Global Sales, Verizon
  • Georges Prouty, Senior Industry Consultant, Teradata Corp.

For well over a decade, the insurance industry—with a few exceptions—has regarded usage-based insurance (UBI) through telematics with a mixture of curiosity and skepticism. Recently there has been a meaningful upsurge in interest and investment driven by rapid developments in technology and changes in attitude from both regulators and consumers. The potential benefit to an insurer of a UBI strategy is suddenly now much clearer than in the past.

With new data-driven business models, data captured will include a number of raw data elements for analysis of interest to insurers: OBD data from the vehicle (VIN, odometer, speed, RPM); GPS data (time, location, motion); and Accelerometers. Using this data enables analyses that can establish the utilization of the vehicle, and place those miles into the context of the road network to understand the driving environment and the drivers’ behavioral response to these elements. Additionally, by utilizing this data not simply as a source of raw information, but as a competitive, data-driven business advantage, offers the power to lift the insurer above parity by doing more of what matters most to insurers and customers.

The opportunities across the insurance value chain are numerous; better pricing will ultimately lead to more profitable underwriting, greater customer segmentation, improved claims servicing, fraud reduction, enhanced customer retention and cross-sell and up-sell efforts. Also, and importantly, customer feedback can create a better awareness of risk that can lead to a reduction in accident and fatality rates.

The event is sponsored by Teradata, which describes itself as a global leader in analytic data platforms, marketing and analytic applications, and consulting services. Visit them at http://www.teradata.com/industry-expertise/insurance/.

Webinar attendees can submit questions in advance during registration, or email questions to [email protected] during the live event. Coverage of the webinar will be featured in an upcoming issue of Best’s Review. For more information about the webinar, please call (908) 439-2200, ext. 5561, or email [email protected].

Best’s Review, A.M. Best’s award-winning monthly publication (http://www.bestreview.com), covers the global insurance industry. For information about advertising in Best’s Review or webinar sponsorship opportunities, call (908) 439-2200 ext. 5399, or email [email protected].

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Having been in the web hosting industry since 2002, dhosting has gained a great deal of experience while working on a wide range of projects. This experience has enabled the company to develop our amazing new product, which they are now excited to present! Among dHosting's greatest achievements, they can include the development of their own hosting panel, the building of their fully redundant server system, and the creation of dhHosting's unique product, Dynamic Edge.
This session will provide an introduction to Cloud driven quality and transformation and highlight the key features that comprise it. A perspective on the cloud transformation lifecycle, transformation levers, and transformation framework will be shared. At Cognizant, we have developed a transformation strategy to enable the migration of business critical workloads to cloud environments. The strategy encompasses a set of transformation levers across the cloud transformation lifecycle to enhance ...
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
So the dumpster is on fire. Again. The site's down. Your boss's face is an ever-deepening purple. And you begin debating whether you should join the #incident channel or call an ambulance to deal with his impending stroke. Yes, we know this is a developer's fault. There's plenty of time for blame later. Postmortems have a macabre name because they were once intended to be Viking-like funerals for someone's job. But we're civilized now. Sort of. So we call them post-incident reviews. Fires are ne...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Hackers took three days to identify and exploit a known vulnerability in Equifax’s web applications. I will share new data that reveals why three days (at most) is the new normal for DevSecOps teams to move new business /security requirements from design into production. This session aims to enlighten DevOps teams, security and development professionals by sharing results from the 4th annual State of the Software Supply Chain Report -- a blend of public and proprietary data with expert researc...
CloudEXPO New York 2018, colocated with DevOpsSUMMIT and DXWorldEXPO New York 2018 will be held November 12-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI and Machine Learning to one location.
DXWorldEXPO LLC announced today that Nutanix has been named "Platinum Sponsor" of CloudEXPO | DevOpsSUMMIT | DXWorldEXPO New York, which will take place November 12-13, 2018 in New York City. Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix Enterprise Cloud Platform blends web-scale engineering and consumer-grade design to natively converge server, storage, virtualization and networking into a resilient, softwar...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
The digital transformation is real! To adapt, IT professionals need to transform their own skillset to become more multi-dimensional by gaining both depth and breadth of a wide variety of knowledge and competencies. Historically, while IT has been built on a foundation of specialty (or "I" shaped) silos, the DevOps principle of "shifting left" is opening up opportunities for developers, operational staff, security and others to grow their skills portfolio, advance their careers and become "T"-sh...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of computational needs for many industries. Their solutions provide benefits across many environments, such as datacenter deployment, HPC, workstations, storage networks and standalone server installations. ICC has been in business for over 23 years and their phenomenal range of clients include multinational corporations, universities, and small busines...
This sixteen (16) hour course provides an introduction to DevOps, the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will result in an improved ability to design, develop, deploy and operate software and services faster.