Increased adoption of telematics in insurance and fleet industries leads to reduced risk and premiums

From GlobeNewswire: 2024-10-30 10:07:00

SambaSafety has released its second annual 2024 Telematics Report in partnership with Risk & Insurance Education Alliance and IoT Insurance Observatory. The report highlights the increased adoption of telematics in the insurance and fleet industries, with 82% of commercial insurers now using telematics. Key findings include a reduction in crashes and claims for fleets using telematics, leading to lower insurance premiums for some. Usage-Based Insurance (UBI) is also on the rise, with 70% of insurers planning expansions. These findings emphasize the importance of collaboration to reduce risk and achieve strategic goals in the industry.



Read more at GlobeNewswire: Telematics Adoption Soars as 70% of Commercial Insurers