Telematics Can Boost Efficiency, Reduce Claims Costs For Auto Insurers

 Thursday, May 18, 2017

 Insurance Business

As the car insurance industry struggles to cope with mounting claims costs, telematics could provide a tangible solution by creating a more proactive claims system. n an interview with Insurance Business, Jim Levendusky, vice president of telematics at Verisk Analytics, observed that the “claims process is very reactive.” Verisk is a New Jersey analytics firm that provides services to insurance firms, financial institutions and risk management providers among others. He said that currently, there is a lot of latency in the system which results in additional costs for the car insurer. By using telematics to streamline and expedite the claims process, he said that auto insurers can minimize the costs associated with claims.
AutoTechnologyManagement & Sales
BROWSE RELATED NEWS ARTICLES

Automotive Redesigns Expected To Increase Claims Costs

 Monday, August 10, 2015

 Live Insurance News

New Sprinkler Design Could Reduce Fire-Related Costs, Damages

 Monday, July 27, 2015

 Canadian Underwriter

Slash Loss Costs on Auto Glass Claims

 Thursday, March 17, 2011

 Claims Advisor

FIND SERVICE PROVIDERS
1,000,000+ COMPANY LISTINGS
WEEKLY CLAIMS POLL

What type of claim do you dread or gives you angst?