Telematics Policies In North America Projected To Reach 42M+ In 2020

The number of insurance telematics policies in force in North America is expected to grow at a compound annual growth rate (CAGR) of 45.8% from 6.3 million in the fourth quarter of 2015 to 42.1 million in 2020, according to a new report from analyst firm Berg Insight. In Europe, the number of insurance telematics policies in force in the European market reached 5.3 million in Q4 2015, Gothenburg, Sweden-based Berg Insight said in a press release on Monday. Growing at a CAGR of 37.2%, this number is expected to reach 25.8 million by 2020.