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As telematics continues to enter the mainstream, investment funds are beginning to find their way to these businesses. Thus far, the areas of greatest interest seem to be fleet management and insurance telematics. But both Andrea Traversone, a partner at European venture firm Amadeus Capital Partners, and Matt Spetzler, principal at global private equity firm Francisco Partners, believe there is additional potential.
Steven H. Bayless, senior director, telecommunications and telematics at the Intelligent Transportation Society (ITS) of America, on why a common platform for vehicle communications will provide more opportunity for the industry than individual OEM solutions.
Usage-based insurance (UBI) is growing in popularity in the US, which trails only Italy in the UBI market. Vehicle insurers considering a UBI option, however, are entering a complex arena. In the US, nationwide UBI coverage is challenging for insurers to implement. “The UBI market is differing a lot from one region to another,” explains Cyril Zeller, senior sales director in Telit’s Global Telematics Segment, who points to the range of privacy laws and insurance regulations that make blanket UBI coverage impractical.
In this video from Telematics Munich 2012, Martin Rosell, Managing Director, WirelessCar, discusses how open innovation can help create connected car services consumers really want.
In this week’s Brief: Ford, GM, TomTom, HARMAN, iOnRoad Technologies, Panasonic, Aupeo GmbH, BMW, China Unicom, WirelessCar, Shanghai OnStar, Renault, France Télévisions, AVG Technologies, the National Highway Traffic Safety Administration, and the California Superior Court.
With the DOT announcing their first step in their vehicle-to-vehicle and vehicle-to-infrastructure mandate process in 2013, now it is time to investigate the full potential of this emerging technology. Build partnerships to equip you with the knowledge and strategy to pre-empt the market shifts that will occur over the new few years.
Insurance Telematics Europe 2013 will gather the thought leaders and pioneers of the insurance telematics space to carefully dissect and answer the issues that your business is currently facing!
Charlotte Wright
Marketing Manager
Telematics Update
cwright@telematicsupdate.com
+ 44 (0)2073757517
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