Discover how the intersection of analytics and telematics can create new revenue for your business in the white paper "Telematics for Insurance" http://ibm.co/1GLLfYP.

2. Data Velocity
Insurance companies aren’t used to dealing with the real time
consumption of data from millions of connected cars.
Challenges

3. Data Volume
These vehicles can create terabytes of data in an hour.
Challenges

4. Data Veracity
Telematics data is uncertain — the signal can be noisy, and
data can have missing values.
Challenges

5. By not efficiently using the data that’s being created, insurance
companies are missing opportunities to provide new services,
gain new revenue, and increase customer satisfaction.
Challenges
New
New services New revenue Higher customer
satisfaction

6. Value
IBM processes
the data and
enables new
real-time
value-added
services.
New New New New

7. Pay how you drive
Give rates and discounts based on actual driving scenarios
rather than data about group behavior.
Value-added services
VS

8. Pay how you drive
Can select and retain the lowest risk drivers better aligning risk
and price.
Value-added services

9. Geo fencing
Staying within defined boundaries and routes.
Value-added services

10. Geo fencing
Alerting customers to road hazards by analyzing data from
nearby vehicles.
Value-added services

11. Geo fencing
Offering extended coverage if customers venture outside of
covered area.
Value-added services
Do you wish to purchase
additional coverage?
Do you wish to purchase
additional coverage?

12. Automated first notice of loss
Report incident, begin claims process and estimate severity.
Value-added services
Report
incident
Start
claim
Estimate
severity

13. Automated first notice of loss
Notify emergency services, towing service, rental car, or
replacement vehicle for fleets.
Value-added services
Emergency
services
Towing
service
Replacement
vehicle

14. Discover how the intersection of analytics
and telematics can create new revenue for
your business in the white paper.
Telematics for insurance
DOWNLOAD WHITE PAPER