The Future of the Auto Insurance Customer Lifecycle Presented by Arity
The US auto insurance industry has faced significant turbulence in recent years, marked by increasingly dangerous roads due to shifting driver habits, rising claims costs, record-level shopping and switching, and declining retention rates.
Amongst these challenges, carriers are missing out a huge opportunity – leveraging telematics data across the insurance customer lifecycle. This data can enhance various aspects of the business, from marketing and underwriting to point-of-sale pricing, fostering engagement and loyalty among newly onboarded policyholders. Additionally, it can be utilized for crash management and claims, moving beyond mere participation discounts and renewal pricing.
Join Arity, an insurance carrier, an OEM data company, and an industry expert to explore how carriers can optimize the use of telematics data.