Car manufacturers are best placed to develop complex data mining models for the insurance industry to deliver pay-as-you-drive policies, says Pascal Le Merle business development manager of connected services at Renault Nissan
Insurance premium pricing is already being affected by ADAS systems, says Tim Marlow programme director Ageas, where they are proved to lower the risk of accidents and improve both driver and pedestrian safety through insurance group ratings
Richard Barlow CEO Wejo Talks about Wejo’s partnership with Consumer Intelligence which opens up real-time insurance claims analysis highlighting high-risk postcodes for insurance risk assessment and allowing actuaries to change their rates much quicker.
Telematics based insurance may be ‘small fry’ right now but Kurt Rowe, associate solicitor advisory and market affairs at Weightmans LLP, says they are set to be big and insurers must gear up as service providers.
Antti Aumo, marketing director of the Car Connectivity Consortium, says MirrorLink’s two-way data exchange between the car and the smartphone opens up endless telematics possibilities for both users and app developers