Maroun Mourad on telematics
From BPTV Episode 42: Maroun Mourad · · Bold Penguin
“Telematics, IoT and usage‑based insurance across auto, home and travel continue to evolve; we host over seven million connected vehicles and have recorded over 220 billion miles of data, which we ingest and standardize to help insurers reduce loss ratios—it's good for business and good for society.”
On , Maroun Mourad, President of Claims Solutions at Verisk Analytics, spoke about telematics during BPTV Episode 42: Maroun Mourad on Bold Penguin.
About Maroun Mourad
In a February 2022 appearance on BPTV, Maroun Mourad discussed the role of technology and data in insurance underwriting and customer experience. He stated that innovation in underwriting should be a "transformational journey" rather than a single point solution, and emphasized listening to customers at a holistic level. Mourad noted that telematics, IoT, and usage-based insurance continue to evolve, and said Verisk hosts over seven million connected vehicles and has recorded over 220 billion miles of data, which he described as "good for business and good for society." He also cited partnerships with ADT and Vivint in the smart home space and the use of wearables data in life insurance. Mourad also addressed Verisk's approach to growth and acquisitions. He said the company aims for a "better balance between organic growth and acquisitions," and that "profitability and positive cash flow matter." He acknowledged that multiples remain "super hot in the market" and that investors will ultimately want to see investments translate into returns on invested capital. Mourad added that Verisk has a high retention rate for founders and management teams from acquisitions, which he said helps the firm stay "focused, nimble, and innovative."