The Unseen Passenger: How Telematics Data Is Reshaping Private Passenger Auto Insurance
Telematics is evolving along multiple hardware paths, including fob, apps and even via auto-based wifi.
Insurers interested in tapping into telematics technology can benefit from more sophisticated hardware, speedier communications technology and the widespread use of cloud storage.
More sophisticated telematics technology has been matched by greater ease of storing and accessing data, thanks to the growing presence of cloud-based computing.
As auto manufacturers build more sophisticated safety devices into their cars, telematics providers will need to access to determine that they are present and operating.
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.
