‘Momentous trends’ set to ‘influence the market’ for telematics says The Floow chief exec

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Autonomous vehicles, in-built car sensors and a changing perception of vehicle ownership will see the telematics insurance market evolve says insurtech boss

The telematics market is developing “some pretty momentous trends, which are going to influence the market”, says Aldo Monteforte, founder and chief executive at global telematics provider The Floow.

This includes vehicle manufacturers installing in-built sensors into cars on the production line. For Monteforte, “this unprecedented [use] of sensors gives access to a lot of data that insurers can turn into valuable insight and analytics in support of the [telematics] operating model”.

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