Largest Gathering of Insurers and Automakers at the Insurance Telematics USA 2015 Conference

Strategic Insights -

Executives from the 10 largest insurance carriers in the United States, including State Farm, GEICO, Allstate, and Progressive, will join major automakers like BMW, Chrysler, and Ford at the Insurance Telematics USA 2015 Conference in Chicago. The event, which marks the fifth year of the conference, will bring together over 800 senior delegates from the industry. Andrew Pym, head of research at TU-Automotive, notes that the conference has seen a record number of attendance from automakers and insurance carriers, who are eager to leverage the connected car to create new services and revenue streams.

Key Takeaways:

  • The Insurance Telematics USA 2015 Conference will be the largest gathering of insurers and automakers in the event's five-year history, with over 800 senior delegates attending.
  • Executives from the 10 largest insurance carriers in the United States will be in attendance, including State Farm, GEICO, Allstate, Progressive, and others.
  • Major automakers like BMW, Chrysler, Ford, General Motors, Honda North America, Hyundai, Mercedes-Benz, Nissan, and Volkswagen will also be represented at the event.
  • Speakers confirmed to speak at the conference include Greg Ross, Global Director of Infotainment Strategy and Alliances at General Motors, and Mariel Devesa, Head of Innovation at Farmers Insurance.
  • Leading tech providers such as Agero, D-rive (Deloitte), Drivefactor (a CCC company), The Floow, LexisNexis, and Octo Telematics will demonstrate the latest innovations in connected car insurance and usage-based insurance (UBI).
  • The conference will focus on the development of UBI, with speakers discussing opportunities for insurers and automakers to leverage the connected car to create new services and revenue streams.
  • Speakers will also explore the role of the government in regulating UBI, with Allen Greenberg, Senior Policy Analyst at USDOT/FHWA, and Robert Passmore, Assistant Vice President of Personal Lines Policy at PCI, speaking on the topic.

Statistics:

  • 800+ senior delegates will attend the conference, making it the largest gathering of insurers and automakers in the event's five-year history.
  • 25 insurance carriers will be represented at the event, including State Farm, GEICO, and Allstate.
  • 10 major automakers will be in attendance, including BMW, Chrysler, and Ford.
  • Over 50% of the attendees will be C-level executives, with 70% holding director or senior director roles.

Sources:

  • TU-Automotive Press Release: "Largest Gathering of Insurers and Automakers at the Insurance Telematics USA 2015 Conference" (August 24, 2015)
  • Insurance Telematics USA 2015 Conference Website: http://www.tu-auto.com/insurance-telematics
  • TU-Automotive: "About TU-Automotive" (http://www.tu-auto.com)