(March 20, 2014) Telematics Update: In London this May, David Green, Market Development Director at Volvo will put forward Volvo’s vision for the connected car and the developing symbiosis with auto-insurance at the Insurance Telematics Europe 2014 Conference ( 6-7th May, Novotel London West, UK).
Since the concept of calculating insurance premiums with telematics was conceived, there has been a growing shift in the mentality of insurance companies. This is especially true in countries such as the UK, where insurance premiums are some of the highest in Europe. Now insurance telematics policies are growing year on year and pose a real threat to the traditional means of auto-insurance business. Year on year, the largest automotive insurance companies gather at the Insurance Telematics Europe as they look to develop partnerships with automakers to obtain the raw data collected by telematics technology.
Similarly opportunities are now being realised by the automakers. Renault has recently opened their APIs to insurance companies to allow access to the R-Link system and in-car data to calculate insurance premiums. For the automaker this means a higher level of service to the consumer, where insurance services are run through the car itself, based on accurate vehicle data to ultimately provide cheaper premiums for the consumer.
David Green, Volvo’s market development director has a said, “This is an exciting time in the car industry because it feels as though we are on the verge of big change. The internet, connectivity and telemetry are by no means new phenomena; however they, or perhaps we, appear to be reaching the right level of combined maturity to create a real opportunity for innovation”. He continued to say, “For this reason, events like the Insurance Telematics Europe Conference are important because it is the combination of data and information from existing business models which is fuelling the creation of new ones in the internet of things.”
Telematics Update will hold the 4th annual Telematics Insurance Europe 2014 Conference & Exhibition in London this May (6-7th May, Novotel London West, UK). www.telematicsupdate.com/insurance-telematics-eu
Telematics Update has constructed an independently researched agenda for the Insurance Telematics Europe Conference & Exhibition, with 30+ key sessions and over 50 carefully selected insurance professionals from Renault, Allianz, Volvo, Zurich, Microsoft, MoneySupermarket.com, Autoline, Young Marmalade, Thatcham, LV=, FBD Insurance, Boston Consulting Group, Towers Watson, Comparethemarket.com and more.
At Insurance Telematics Europe 2014 they will explore the crucial topics that insurers face today, including:
- The Smartphone Proposition
- The Killer Value Added Services
- Build & Communicate Value to the Consumer
- UBI Gamification: The Next Level
- The Impact of Data Standards for UBI
- Underwriting for Fleets
For the complete Insurance Telematics Europe 2014 Conference & Exhibition programme and speaker line-up visit the website: www.telematicsupdate.com/insurance-telematics-eu
“This event was very useful in gathering the main players in one place allowing direct comparison of products and services.” Aviva
“This event will become the essential annual conference to stay connected within insurance telematics.” Liberty Mutual
“The overall show was very informative, there was a lot of important information I took from it.” Vordur Insurance
Register before Friday 14th March via the secure link below to take advantage of a £200 saving on all conference passes https://secure.telematicsupdate.com/insurance-telematics-eu/register.php
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: Andrew Pym Conference Director | Telematics Update