Individual pricing - Insurance motor telematics approaches

One of the most well known telematics benefits is the possibility of incorporating the information registered by the box into the parameters of the MTPL tariff (UBI) The traditional underwriting of the RCA policy is based upon a “snapshot” of certain static variables which belong to the client and his or her vehicle – the impact and weight of this snapshot on the pricing is determined by the analysis of the claims historical series of the company – and the renewal comes after make the same type of “snapshot” after 12 months. Telematics is becoming more and more used as a way of changing this approach and going more towards an individual pricing of risks, which used the “movie” of the client

Matteo Carbone

Matteo is founder and director of IoT Insurance Observatory, Global InsurTech Thought Leader and Investor.
He is internationally recognized as an insurance industry strategist with a specialization on innovation. Matteo is author and world-renowned authority on InsurTech - ranked among top international InsurTech Influencers.

Matteo has advised more than 100 different players in ten markets around the world and has wide experience which includes set up of industrial and commercial plans, growth strategy definition and support in the start-up of new initiatives, digital strategy development, insurance products innovation, channel strategy and commercial model definition, startups mentorship and advice M&A deals.