It’s high time Asia adopts telematics
Friday, 03 31 2017, Category: Technology, Country: Asia
The adoption in Asia of usage-based motor insurance policies, which calculate premiums based on data collected by a device installed on the vehicle, may be less than in Western markets such as the UK and the US, but one expert thinks this is changing soon.
Pravar Gautam, vice president of sales at Scope Technologies, an international provider of telematics solutions that has been in the market for 18 years, said that telematics is slowly but surely changing the face of auto insurance, not just globally but also locally too.
Initially concentrated on fleet vehicle solutions, Scope Technologies shifted focus nine years ago to the telematics insurance market.
Source: Insurance Business