Insurance Telematics Analytics
May 7, 2021
Although the fully autonomous car is still a little way off for consumers, the related Internet of Things (IOT) technology,
within the auto industry, is growing fast. Vehicles today are equipped with IOT devices that transmit vehicle location,
speed, fuel consumption, location of filling stations, the need for air in the tires, impending breakdown and more. Thanks
to the established field of auto telematics, insurers and customers are getting feedback that informs consumers on how
to improve their behaviors, and practices. This provides more accurate driving behaviour, improved route planning, and
information, such as when to use resting points to improve driver alertness and the most fuel-efficient speed for specific
loads on specific road surfaces.
Gartner predicts that by 2020, a quarter billion Connected Vehicles will be on the roads, enabling new In-Vehicle services
and automated driving capabilities, with the autonomous vehicle as the pinnacle.
Where are we today?
The standout example of IOT data within the automotive and insurance world today, is the application of telematics that
rates driver performance or vehicle usage, in order to manage risk.
