The Unseen Passenger: How Telematics Data Is Reshaping Private Passenger Auto Insurance
More sophisticated telematics technology has been matched by greater ease of storing and accessing data, thanks to the growing presence of cloud-based computing.
Insurers interested in tapping into telematics technology can benefit from more sophisticated hardware, speedier communications technology and the widespread use of cloud storage.
Customers will share their data, but only if insurers are clear about how it will be used and how its use will add value to the customer.
Telematics is evolving along multiple hardware paths, including fob, apps and even via auto-based wifi.
Because many insurers are adopting telematics programs that operate via smartphones, some telematics providers have learned to interpret data that shows if a person is operating a vehicle or sitting elsewhere.
