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Introduction

The rate of adoption of IoT technology within insurance products is resulting in IoT and telematics service providers (ITSPs) assuming an increasingly important role with insurance carriers. This ODM assesses the positioning and capabilities of seven leading ITSPs targeting the insurance sector.

Highlights

  • This report provides detailed analysis of the service propositions of seven leading ITSPs targeting the insurance sector, evaluating their capabilities across 15 key dimensions encompassing technology offerings, execution capabilities, and market impact.

Features and Benefits

  • Provides detailed analysis of the services mix, geographic footprint, and service capabilities of seven leading ITSPs, allowing carriers to compare.
  • Identifies key dimensions that carriers must evaluate when assessing potential ITSPs.

Key questions answered

  • How do leading ITSPs targeting the insurance carrier sector compare?
  • Which ITSPs serving the insurance carrier market have the best service development roadmap to meet emerging needs?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key findings

IoT and telematics service provider selection

  • Inclusion criteria
  • Exclusion criteria
  • Methodology
  • Ovum ratings

Market and solution analysis

  • Market leaders: Octo Telematics and Vodafone Automotive
  • Market challengers: LexisNexis Risk Solutions, The Floow, and IMS
  • Market followers: TomTom Telematics and Worldline
  • Technology assessment
  • Execution assessment
  • Market impact

Vendor analysis

  • Intelligent Mechatronic Systems (IMS) (Ovum recommendation: Challenger)
  • LexisNexis Risk Solutions (LNRS) (Ovum recommendation: Challenger)
  • Octo Telematics (Ovum recommendation: Leader)
  • The Floow (Ovum recommendation: Challenger)
  • TomTom Telematics (Ovum recommendation: Follower)
  • Vodafone Automotive (Ovum recommendation: Leader)
  • Worldline (Ovum recommendation: Follower)

Appendix

  • Author

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