Implementing Automotive Telematics for Insurance Covers of Fleets
The advantages of Usage-Based Insurance for automotive covers over conventional rating methods have been discussed in literature for over four decades. Notwithstanding their adoption in insurance markets has been slow. This paper seeks to establish the viability of introducing fleet Telematics-Based...
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| Lenguaje: | English |
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Universidad Alberto Hurtado. Facultad de Economía y Negocios
2013
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oai:scielo:S0718-272420130005000062014-09-16Implementing Automotive Telematics for Insurance Covers of FleetsAzzopardi,MarikaCortis,Dominic telematics-based insurance fleet management risk management motor insurance technology adoption usage-based insuranc The advantages of Usage-Based Insurance for automotive covers over conventional rating methods have been discussed in literature for over four decades. Notwithstanding their adoption in insurance markets has been slow. This paper seeks to establish the viability of introducing fleet Telematics-Based Insurance by investigating the perceptions of insurance operators, tracking service providers and corporate fleet owners. At its core, the study involves a SWOT-analysis to appraise Telematics-Based Insurance against conventional premium rating systems. Twenty five key stakeholders in Malta, a country with an insurance industry that represents others in microcosm, were interviewed to develop our analysis. We assert that local insurers have interests in such insurance schemes as enhanced fleet management and monitoring translate into an improved insurance risk. The findings presented here have implications for all stakeholders as we argue that telematics enhance fleet management, TBI improves risk management for insurers and adoption of this technology is dependent on telematics providers increasing the perceived control by insurers over managing this technology.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.8 n.4 20132013-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242013000500006en10.4067/S0718-27242013000500006 |
| institution |
Scielo Chile |
| collection |
Scielo Chile |
| language |
English |
| topic |
telematics-based insurance fleet management risk management motor insurance technology adoption usage-based insuranc |
| spellingShingle |
telematics-based insurance fleet management risk management motor insurance technology adoption usage-based insuranc Azzopardi,Marika Cortis,Dominic Implementing Automotive Telematics for Insurance Covers of Fleets |
| description |
The advantages of Usage-Based Insurance for automotive covers over conventional rating methods have been discussed in literature for over four decades. Notwithstanding their adoption in insurance markets has been slow. This paper seeks to establish the viability of introducing fleet Telematics-Based Insurance by investigating the perceptions of insurance operators, tracking service providers and corporate fleet owners. At its core, the study involves a SWOT-analysis to appraise Telematics-Based Insurance against conventional premium rating systems. Twenty five key stakeholders in Malta, a country with an insurance industry that represents others in microcosm, were interviewed to develop our analysis. We assert that local insurers have interests in such insurance schemes as enhanced fleet management and monitoring translate into an improved insurance risk. The findings presented here have implications for all stakeholders as we argue that telematics enhance fleet management, TBI improves risk management for insurers and adoption of this technology is dependent on telematics providers increasing the perceived control by insurers over managing this technology. |
| author |
Azzopardi,Marika Cortis,Dominic |
| author_facet |
Azzopardi,Marika Cortis,Dominic |
| author_sort |
Azzopardi,Marika |
| title |
Implementing Automotive Telematics for Insurance Covers of Fleets |
| title_short |
Implementing Automotive Telematics for Insurance Covers of Fleets |
| title_full |
Implementing Automotive Telematics for Insurance Covers of Fleets |
| title_fullStr |
Implementing Automotive Telematics for Insurance Covers of Fleets |
| title_full_unstemmed |
Implementing Automotive Telematics for Insurance Covers of Fleets |
| title_sort |
implementing automotive telematics for insurance covers of fleets |
| publisher |
Universidad Alberto Hurtado. Facultad de Economía y Negocios |
| publishDate |
2013 |
| url |
http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242013000500006 |
| work_keys_str_mv |
AT azzopardimarika implementingautomotivetelematicsforinsurancecoversoffleets AT cortisdominic implementingautomotivetelematicsforinsurancecoversoffleets |
| _version_ |
1714203247442395136 |