There's a new age of telematics dawning as auto manufacturers, technology companies and startups join insurance providers in the pursuit of connected-car data. Over the past year and a half, these players have entered partnerships aimed at ramping up engagement with car owners and monetizing data for insurance underwriting at an aggressive rate.
“Insurers thought they were the only players interested,” said Donald Light, director of Celent’s North America property/casualty practice. “But in 2016 tech companies said ‘wait, there is all this other data out there that we can get our hands on.'”
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