Cambridge Mobile Telematics (CMT), the provider of smartphone telematics solutions, is launching “Personal Loss Control: How Telematics is Reducing Losses”, a Continuing Education course that gives insurance agents the opportunity to earn hours toward their license renewal through the familiarization of telematics and its benefits, the company said.
The course will provide one to three credit hours towards license renewal upon completion, depending on the state where the agent holds their license. The course has been accepted in 48 states and Washington D.C., and is pending approval in Massachusetts and Hawaii.
The inspiration for the course came when market research conducted by CMT revealed rising interest in telematics learnings, with nine out of 10 auto insurance customers voicing interest in learning more about telematics programs and the value they provide, but that only 43% have been offered a policy with telematics benefits. The research also found that the main reason for the disparity is that many insurance agents aren´t familiar enough with telematics to recommend — or even mention — the programs, and are uncomfortable discussing them without additional telematics knowledge.
CMT is working with insurers and agent associations to bring the course to licensed agents across the US.
Since its first product launch in 2012 that pioneered mobile usage-based insurance, CMT has become the world´s telematics and analytics provider for insurers, rideshares, and fleets. CMT is headquartered in Cambridge, MA. To learn more, visit www.cmtelematics.com