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Worldwide Insurance Telematics Industry to 2026 - Increasing Smartphone Penetration is Driving Growth April 01, 2021 08:13 ET | Source: Research and Markets Research and Markets Dublin, IRELAND ResearchAndMarkets.com s offering. The Insurance Telematics market is expected to grow at a CAGR of 18.5% over the forecast period (2021 - 2026). Telematics insurance usually works by setting up in the vehicle a device, termed usually as a Black Box, which records different metrics of the latter, such as speed, distance, and the type of road one travels. This device also monitors the braking pattern and driving style, which is utilized by insurance companies to compute the premium accordingly. Insurance telematics poses the potential to alter the current scenario of motor insurance and positively impact claims, risk selection, and fraud detection. As of now, the industry is still at a nascent stage of development, and various studies ar

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