Telematics-based Predictive Analytics for Usage Based Insurance

Session Description:

Telematics collects driver behavior data in real-time. Predictive analytics is used to produce a driver risk score from telematics data. The driver risk score enables usage based insurance product development and premium pricing beyond variables traditionally used. Our experienced speaker will discuss how the data is collected, what predictive analytics methods are used, and how the results influence driver behavior.

Speaker(s):

Len Llaguno, FSA is a senior consultant in Towers Watson’s Chicago office. Len specializes in pricing and product management in the insurance industry, with expertise in UBI. He is heavily involved with Towers Watson’s DriveAbility, the firm’s usage based insurance services offering. In this role he helps clients navigate the challenges of implementing a UBI product. Len is currently working with several clients to bring their UBI products to market.