Implementing Automotive Telematics for Fleet Insurance

Abstract

Prospects for the wind energy market have proposed changes of focus to managerial issues. The objective of this article is to map the specific market factors from Brazilian wind energy industry, in order to develop reflections and considerations on the subject, towards to the managerial, strategic and commercial development of the sector. Through an exploratory methodology in empirical format, and by a SWOT analysis of Telescopic Observations Strategic Framework, were found results that show funding and grants determined by Brazilian government, as the big question of the wind energy industry marketing, allowing the economic viability of wind energy projects. Further, it appears that the wind energy industry is eager to investments and has great potential for new business, but there are problems within the producing companies which that have to be assessed, such as the competitiveness capability, the high equipment costs, the installation locations limitations and lack of specialized employees with specific skills and capacities.

FinTech evolution: Strategic value management issues in a fast changing industry

“…The insurance market has also seen huge changes in technologies, including the use of Internet and mobile telephones for clients to interact with the insurance company (Njegomir & Rihter, ). Today, car insurance companies are using telematics to locate vehicles and to screen safe drivers from risky drivers and are willing to provide discounts in insurance premiums to the former (Azzopardi & Cortis, ; Langmore, ). Health insurance aggregators permit the consumer to compare all the different possibilities available and their costs (Lamb, ).…”

A Conceptual Model for Pricing Health and Life Insurance Using Wearable Technology

“…Analysis of these data can help build a more personalized and accurate estimate of the level of risk the policyholder places on the insurer. In addition to this, drivers tend to improve driving method when monitored by telematic devices in order to lower their premiums (Azzopardi and Cortis, 2013); thus, the policies can encourage safer driving behaviors, lowering the expected cost of the risk pool. If wearables can follow automotive telematics and gain a foothold in the insurance industry, they have the potential to become an integral part of many health and life insurance policies.…”

InsurTech

“…Motor insurance premiums are traditionally charged for a predetermined amount for a period of twelve months. This buffet-style approach, where you pay the same amount irrespective of use, would not apply if priced via a telematics device (Azzopardi and Cortis 2013) as explained in the earlier section. This device enables data between the insured vehicle and the insurer's central management system to be sent instantly.…”