Auto Insurance Firms Turn to AI-Powered Telematics to Reduce Accident Claims
Auto insurers are increasingly adopting AI-powered telematics devices to analyze driver behavior and reduce the rising cost of accident claims. These devices, which track speed, braking patterns, and road conditions in real time, allow insurers to assess risk more accurately and reward low-risk drivers with lower premiums.
The shift comes as global accident claim payouts increased by 7% in 2024, largely due to distracted driving and higher repair costs for modern vehicles equipped with advanced sensors. Insurers say telematics technology helps detect high-risk driving behavior early, enabling targeted training programs for policyholders.
---
Tags
Insurance