Video: The tipping point for insurance telematics in Europe

Video: The tipping point for insurance telematics in Europe

In this video from Insurance Telematics Europe 2013, Ofir Eyal, principal, The Boston Consulting, talks to TU’s Jan Stojaspal about insurance telematics in Italy, the United Kingdom, Germany, France and Spain, highlighting some of the main country-to-country differences. He considers what the tipping points might be for some of these markets and urges market leaders against pushing insurance telematics too aggressively too soon. “If you are a major player and launch telematics too soon, you start cannibalizing your own book,” he says. “But being too late means [that] others can start eating into your own book. If you are a follower and you want to grow, this is a fantastic time to enter the market.”

(For our coverage of Insurance Telematics Europe 2013, see also Insurance Telematics Europe: Day OneVideo: Getting insurance telematics rightVideo: Learning to walk before running with insurance telematicsVideo: Insurance telematics and the smartphone and Video: Insurance telematics and the customer-centric approach.)

Jan Stojaspal is the editor of Telematics Update.

For all the latest telematics trends, check out Insurance Telematics USA 2013 on Sept. 4-5 in Chicago, Telematics Brazil & LATAM 2013 on Sept. 11-12 in Sao Paulo, Brazil, Telematics Japan/China 2013 on Oct. 8-10 in Tokyo, Telematics Munich 2013 on Nov. 11-12 in Munich, Germany, Telematics for Fleet Management USA 2013 on Nov. 20-21 in Atlanta, Georgia, and Content and Apps for Automotive USA 2013 on Dec. 11-12 in San Francisco.

For exclusive telematics business analysis and insight, check out TU’s reports: Telematics Connectivity Strategies Report 2013The Automotive HMI Report 2013Insurance Telematics Report 2013 and Fleet & Asset Management Report 2012.

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