About 10% of the global commercial telematics market is accounted for by insurers, according to a report by Hexa Research. The report forecasts use of insurer telematics will rise amid growing demand for devices that can improve driver safety and reduce accidents. “Telematics has become an important part of our lives in many different ways,” said John Krafcik, president of Waymo, which makes self-driving cars.
About 10% of the global commercial telematics market is accounted for by insurers, according to a report by Hexa Research. The report forecasts use of insurer telematics will rise amid growing demand for devices that can improve driver safety and reduce accidents. Advances in software that make it easier to record telematic data on smartphones are also expected to boost adoption of the technology.