Auto and commercial fleets have always posed a risk management challenge, but evolving market conditions, such as the ongoing driver shortage and social inflation, are exacerbating those risks and further underscoring the need to mitigate these challenges. Telematics is a tool that helps insurers more accurately understand underwriting risk profiles to address potential issues and reduce exposure.
We recently spoke with Greg Jacobs, Director of Product Management, IoT and Telematics at Verisk, to understand how telematics-based technology solves many of the challenges facing insurers and the most significant benefits of this technology.
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