Issue: May 2011


The Insurance Telematics Industry is on the Cusp of a Revolution



by Steve Barclay

According to a new report from Telematics Update, the insurance telematics market is projected to expand rapidly from $50 million in sales of UBI devices in 2011 to approx. $2.6 billion by 2015! The Insurance Telematics USA 2011 Conference will provide the industry with a platform to kick-start this revolution.

Chicago, IL (PR Web) 6th May, 2011 – Auto OEMs, wireless carriers, device manufacturers and insurers convene at Insurance Telematics USA 2011, Sept 8-9th in Chicago, to discuss how to send insurance telematics mass-market (www.insurancetelematicsusa.com).

There are already several companies leading the charge towards mass –market telematics: Progressive’s SnapshotSM has been approved in 32 states, GMAC’s Mileage Discount is available in 35 states and Allstate are aspiring to live up to their name.

Furthermore, the majority of other major insurers are running extensive pilot schemes. The court cases are still rumbling on, but now many states in the USA are actively encouraging Usage Based Insurance (UBI) and legislative barriers are finally beginning to fall.

Is Your Company Ready to Join the Revolution?

There are numerous challenges currently facing the industry, including IP and litigation issues, consumer acceptance, privacy concerns and the creation of a viable business model, but these are vastly outweighed by the ever-growing number of opportunities and the size of the potential rewards.

Insurance Telematics USA 2011 (September 8 – 9th, Chicago, USA)

To address these critical challenges and drive the revolution forward, the pioneers and leaders of the industry are coming together in Chicago on September 8 – 9th at the Insurance Telematics USA Conference & Expo. Expert speakers from: Allstate, General Motors, AAA, Delphi, Towers Watson, The Hartford, Sprint, Liberty Mutual, Octo Telematics, GMAC and Farmers Insurance will address key industry challenges, such as:

•Building strategic partnerships
•IP & litigation issues
•Data management & analysis
•The impact of Federal & State regulations
•Succeeding within the commercial insurance space
•Boosting consumer acceptance of UBI
•Smartphone & apps integration
•Exploiting new revenue streams within the emerging ecosystem 

"THE telematics event of the year for those interested in the insurance telematics marketplace - both for insurers and their suppliers.”
Fred Blumer - Hughes Telematics

Last year’s show was a complete sell-out! Over 300 senior level industry leaders attended and 86% of them said that they would recommend the show to a friend or colleague. Alex Laurie, Consulting Actuary at Towers Watson, said the event is “critical for players in this space”.

For the complete Insurance Telematics USA 2011 conference program and speaker line-up, access the e-brochure at http://www.telematicsupdate.com/insurance-telematics/download-brochure.shtml, or contact the Telematics Update team at: insurance@telematicsupdate.com

Register today to join 300+ senior delegates, via the secure link below: https://secure.telematicsupdate.com/insurance-telematics/register.shtml

About Telematics Update:
Telematics Update conferences are the most prestigious in the industry. We produce the largest telematics events in North America, Europe & Asia, and attract the most influential speakers, providing a rich environment for establishing strategic relationships and networking.

Contact:
Ben Gill
Conference Director | Telematics Update
T: +44 20 7375 7585 (Global) / 1 800 814 3459 ext 7585 (USA Toll Free)
E: bgill@telematicsupdate.com
W: www.insurancetelematicsusa.com


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