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Insurance Telematics is a type of Telematics and Vehicle Electronics that uses data collected from vehicles to provide insurance companies with information about the driving habits of their customers. This data is used to create personalized insurance policies that are tailored to the individual driver's needs. Insurance Telematics also allows insurance companies to monitor the performance of their customers' vehicles, providing them with real-time data on the condition of the vehicle and its components. This data can be used to detect potential problems before they become serious, allowing insurance companies to provide better coverage and more accurate pricing.
Insurance Telematics is becoming increasingly popular as a way to reduce costs and improve customer service. Companies in the market include Octo Telematics, Allianz, AXA, Liberty Mutual, and Progressive. Show Less Read more
