Month: July 2020
Blog | Claims
Enhance Operational Efficiency of Your Claims Organization with Telematics
Today, about 65% of the total cost of loss adjustment expense is tied to labor. Smartphone telematics can fundamentally change the process by which claims are adjusted. Smartphone telematics is...
July 29, 2020
Blog | Claims
How Connected Claims Enables Excellent Customer Service
Smartphone telematics unlocks a number of claims services that allow insurers to offer their customers assistance and direction when they need it most. Because smartphone sensors can detect a vehicle...
July 28, 2020
News | Press Release
Report: 63% of U.S. Drivers Would Consider a Change to UBI [Business Wire]
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Research shows that 63% of U.S. consumers are open to changing their current auto insurance policy for one with a telematics-based premium, according to a new report jointly...
July 28, 2020
Blog | Connected Insurance
Lessons Learned in Developing an Insurance App+Tag Solution
In the last 15 years, insurers have tried a multitude of solutions to provide connected insurance. After many years trialing various types of installed devices, the majority of insurers have...
July 23, 2020
Blog | Behavior Change
The Benefits of “Letting your Insurer Ride Shotgun”
Recently, CMT’s partners State Farm, Liberty Mutual, and Nationwide were featured in The New York Times, testifying how their smartphone telematics programs are saving their policyholders money. We are thrilled...
July 17, 2020