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.
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.
Insurers have spent decades attempting to assess drivers' likely behavior. Nothing tells that story like the data generated by telematic devices.
California's enhanced privacy legislation, which took effect in 2020, requires that those who collect data, such as telematics providers, to make that data available to the person being monitored.
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.
