Expertise Publication

Telematics: connecting the dots

UBI demand is set to increase, driven by the innovative concept that the drivers pay for the amount of risk they take. This translates into continuous feedback, which in turn results in better driving behaviour. Telematics offers direct and real-time access to data about the insured object. This enables insurers to base their risk assessment and pricing on the real risk policyholders are taking rather than on approximate tariff criteria about the driver, the car and how it is used. Furthermore, based on telematics data, additional services, such as stolen car recovery or efficient claims handling can be provided.