The Unseen Passenger: How Telematics Data Is Reshaping Private Passenger Auto Insurance
Insurers have spent decades attempting to assess drivers' likely behavior. Nothing tells that story like the data generated by telematic devices.
Some drivers will find ways to provide misleading information, such as turning off systems or moving sensors. Insurers have learned to begin monitoring on a short-term basis, then extend programs only when information patterns fall within expected ra
More sophisticated telematics technology has been matched by greater ease of storing and accessing data, thanks to the growing presence of cloud-based computing.
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.
