Technology + Informatics = Telematics
Vehicle telematics has been in existence since long. But, its use in our daily lives is a recent phenomenon and this concept is still in its development stage.
In last few years, insurance companies have banked upon this concept to know more about the driving habits of their customers and charge premiums accordingly. Craig Thomas, Managing Director, Redline Content Ltd, in his article at express.co.uk has explained the concept of insurance telematics and has also answered questions such as how it works, what are its advantages, etc.
According to him, the insurance companies install black box in their customers’ cars and monitor their driving. The better the driver, the lesser is the insurance premium charged and vice- versa. Apart from this, telematics insurance also has following benefits like:
- Helps determine liability
- Reduces instances of fraud
- Alerts the insurer in case of emergency and thus, helps in providing timely emergency services
- Helps customers in improving their driving skills
Although it’s an interesting concept, but still, people are apprehensive in trying it out, especially rash drivers. Nevertheless, insurance companies are tying up with car manufacturing companies to make this type of insurance a usual phenomenon, because of its benefits to all the parties involved.
To know more, please visit the following link:
http://www.express.co.uk/life-style/cars/581418/insurance-telematics-cars