One barrier to telematics has been the availability of data that is cost-efficient to record. However, as cars become connected and smartphones record a wider array of data, this issue should subside. However, the larger remaining barrier is consumers' willingness to let insurers monitor them.
Insurers test the limits of telematics’ big data - FT.com
The information that insurers receive from telematics devices is revolutionising the way car coverage is priced. Providers are finding more imaginative ways of using the data. Telematics — or the use of black boxes installed in vehicles to monitor,
Join in on the conversation with Dan McGee when you subscribe to Future of Financial Services.