In brief - With the advent of insurance technology, what can
insurers, assessors and lawyers expect?
Telematics involves devices or products that combine
communication and data to provide a service. When applied to cars,
telematics allows real-time monitoring of data such as location,
speed and use, which is communicated to third-parties such as
manufacturers or insurers.
Those third-parties can then more accurately price risk, by
rewarding drivers with lower premiums where their data indicates
safe driving practices, or by offering a policy that charges
premiums on a per kilometre basis.
Increasing data integration brings efficiencies to car
insurance industry
Shoshana Zuboff notes in The Age of Surveillance
Capitalism that the process of integrating game mechanism
(gamification) into geolocation apps is much more than a game. They
are precursors to a world where hard geographic reality is overlain
with a soft thick virtual embedded information layer
