Mobility / connected car
Innovation
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- Cars—and their drivers, if carrying smartphones—are increasingly outfitted with sensors that do not just monitor driving behavior and use of the vehicle but also collect other vehicle data, from the oil temperature and wear of the brakes to tire pressure. This data forms the basis for countless new applications that contribute to customer comfort as well as to active and passive safety.
To minimize the impact of any resulting decrease in premiums, it will be important for insurers to explore additional levers in conjunction with reducing claims expenditure via optimized risk selection. More effectively combating fraud, increasing use of allied repair workshops, and offering assistance and service add-ons are all initiatives that could potentially more than compensate for decreasing premiums.
We need Ideas to explore how we can be more prepared to deal with Sensor driven applications in the Auto industry
This Idea Was Submitted By
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Mark Greeff
ConnectMobiles24 Pty Ltd