In Series: Technology: Get moving

smartphone

Insurers must make a concerted effort to reach customers in the mobile space.

It has only been a few years since the internet transformed the insurance business and today more than 60% of personal lines quotes are provided via online aggregators. Now customers are ready for the

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Lack of trust in telematics hampering potential

After a survey found only 8% of respondents had received any communication from insurers about adopting telematics-based insurance to help reduce premiums, Fairer Finance’s James Daley said “telematics still doesn’t seem to be fulfilling its potential”.

Q&A: Simon Axon, Teradata

Simon Axon, global financial services industry director at Teradata, explains how general insurance providers are lagging behind banks in making the most of their data and why Amazon’s style of operating should inspire boards to back investment in digital transformation.

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