Carrot’s Norrie Erwin on the opportunity for telematics in claims
Telematics-based insurance has been a great British success story for young drivers, but it has failed to enthuse the mass market, says Norrie Erwin managing director of Carrot.
Without telematics, youngsters couldn’t afford to drive, but overall penetration remains stubbornly around the 5% mark. Carrot has reduced accident frequency among its young customers by 42%, but for
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