The success of insurance companies always has been predicated on their ability to collect, understand and act on information they collect throughout the insurance value chain. That same logic appears to be the motivation behind a rising number of telematics and analytics technology providers entering alliances, if not executing mergers and acquisitions, according to industry experts. Just this spring and summer, new alliances include:
The motivation behind the deals, explains Donald Light, director of Celent's North America P&C insurance practice, is the desire to offer a more complete set of tools to insurers, and to reduce the costs and risks associated with big data projects.
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