Controlling and Engaging Policyholders With Enhanced Risk Mitigation

Carriers have a potentially big opportunity to deploy enhanced risk mitigation techniques to policyholders.

Boston, May 9, 2019 – The challenge for P&C carriers has been that the actions and behaviors of their policyholders are, for the most part, beyond their control. However, enhanced risk mitigation techniques, supported by emerging technologies such as telematics and enhanced data analysis, are beginning to emerge. Have these enhanced risk mitigation techniques given P&C carriers an opportunity to gain some control over policyholders?

This report focuses on the enhanced risk mitigation techniques and technologies that are available to P&C insurance carriers, how they can be used, and whether consumers are receptive to these types of techniques and technologies. It is based on 26 interviews conducted from September 2018 to February 2019 with North American executives at P&C carriers and vendors as well as a March 2019 survey of 766 consumers in the United States.

This 53-page Impact Report contains 16 figures and five tables. Clients of Aite Group’s P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Adapt Ready, ADEPT Driver, Amodo, Arity, Cambridge Mobile Telematics, Climformatics, Dreyev, Flo Technologies, Flyreel, HazardHub, Likk Technologies, LifeSaver, Octo Telematics, Plasmatic Technologies, Roost, Terrene Labs, and Yaxa.

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