NADA Releases Automotive Privacy Guide
Posted on Feb 2, 2017 in Industry News, Technology Impacting Auto Insurance | Comments Off on NADA Releases Automotive Privacy Guide
The National Auto Dealers Association recently release a guide regarding consumer privacy and data collection in modern cars. The guide, titled “Personal Data In Your Car,” covers the different ways data from vehicle operators is collected, used, and shared. Data has been collected for years through Event Data Recorders and On-Board Diagnostic ports, but the report identifies multiple...
How Technology May Affect Insurance in 2017
Posted on Jan 11, 2017 in Insurance Developments and Trends | Comments Off on How Technology May Affect Insurance in 2017
Marsh has released a new report on trends anticipated in the United States casualty insurance marketplace in 2017. It noted that the Internet of Things, the sharing economy, and autonomous vehicles will all begin to make major changes to the insurance business in the coming year. In particular, telematics that track vehicle performance and driver behavior may enable insurers to offer...
State Transit Authorities Develop “Smart Roads”
Posted on Jan 3, 2017 in Industry News, Technology Impacting Auto Insurance | Comments Off on State Transit Authorities Develop “Smart Roads”
A handful of states are responding to the smart car surge by developing and installing “smart roads”—technology-aided roads using fiber optics, cameras, and signaling devices to communicate with drivers, autonomous vehicles, and even transit authorities. For example, Virginia has installed “smart road” devices on light poles and bridges on certain roads, which watch the highway,...
Facebook and Car Insurance
Posted on Nov 3, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Facebook and Car Insurance
A car insurer that planned to use Facebook data to set car insurance premiums has had to change its plans after Facebook clarified that such use would violate its privacy guidelines. Admiral Insurance had planned to offer a “first car quote” app to young motorists in the UK. It would analyze Facebook “likes” and posts to determine the driver’s level of risk. The insurer could then...
Autonomous Vehicles Tested on UK Streets
Posted on Oct 11, 2016 in Industry News, Technology Impacting Auto Insurance | Comments Off on Autonomous Vehicles Tested on UK Streets
For the first time, autonomous vehicles were tested on streets in the UK as of Tuesday, October 11. More specifically, the electric car was tested at 5 mph around the town of Milton Keynes. The test are part of broader efforts to get autonomous vehicles on the road by 2020. The British government has been encouraging of this new technology, hoping to build a global industry. In advance...
