The Unseen Passenger: How Telematics Data Is Reshaping Private Passenger Auto Insurance
Insurers interested in tapping into telematics technology can benefit from more sophisticated hardware, speedier communications technology and the widespread use of cloud storage.
Telematics is evolving along multiple hardware paths, including fob, apps and even via auto-based wifi.
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.
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
