Three snagging points slowing the progression of telematics in insurance

By Insurance Business Magazine

For telematics and connected car programs to work in the insurance industry, there has to be a multi-stakeholder approach that acknowledges the growing co-dependence between automakers and insurers. Automakers and original equipment manufacturers (OEMs) must find an efficient way to collect, process, normalize and share telematics data, while insurers must find a way to incorporate that data into their everyday processes. Three snagging points identified include: different data formats; consent management; and data delivery.

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