About this paper
The auto insurance industry is facing an unprecedented number of challenges brought on by heavy price competition and increased claims costs. In response, insurers across the globe are either considering – or have already implemented – innovative telematics solutions. Through wireless technology, telematics devices record and transmit data in real time back to insurers. Insurers can use this data to develop more accurate pricing, improve the granularity of risk management techniques and reduce losses by enabling better claims assessments. As this white paper reveals, telematics – used in conjunction with information technology and analytics – can enable insurers to turn the data explosion into a major competitive advantage.
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.