As inflation pushes telematics adoption, new opportunities arise

Originally published at: As inflation pushes telematics adoption, new opportunities arise - Daily Fintech

Private automobile loss ratios surged from 55.6 year-end 2020 to 72.2 in the first three quarters of 2021, the highest level in a decade. At the same time, prices for new vehicles rose 11.8% last year, the largest rise since 1975. Higher physical damage severity added nearly six points to combined ratios of certain large…