How ‘Exposure Data Tracking’ Is Taking Over Personal Lines Insurance


  • May 12, 2017 at 1:57 pm
    paul says:
    Like or Dislike:
    Thumb up 6
    Thumb down 0

    With an implanted chip, lost of business can can track everything you do and everywhere you go. Privacy is a thing of the past.

    • May 12, 2017 at 4:42 pm
      DougJ says:
      Like or Dislike:
      Thumb up 5
      Thumb down 0

      And our government…..

  • May 12, 2017 at 1:58 pm
    paul says:
    Like or Dislike:
    Thumb up 2
    Thumb down 0

    “lots”

  • May 12, 2017 at 3:29 pm
    Danielle says:
    Like or Dislike:
    Thumb up 7
    Thumb down 0

    The problem is with the new automation or AI in cars- no one is taught or remembers how to park or drive in bad conditions. Some of the new cars don’t come with spare tires. The liability rates because of the lane adjustment, auto stop etc is great but the comp and collision rates are higher since the cost to repair is 4X the cars without. The tracking issues bother me as far as habits- what we are going to tier someone who works nites and weekends?

  • May 12, 2017 at 6:38 pm
    An Actuary says:
    Like or Dislike:
    Thumb up 4
    Thumb down 0

    “She told attendees that an autonomous auto tested by Google accounted for 0.7 accidents per million miles driven compared to a typical average of 2.0 accidents per million miles involving drivers in the U.S.”

    Did she mention that those Google miles were in daylight in excellent driving conditions? Did she compare that to the accident rate of human drivers in daylight in excellent driving conditions? (Hint: it’s pretty good.)

    ‘“If some kind of communication goes down, there could be a very serious occurrence,” she said.’

    Ya think?

    And no mention of foreign hackers. Is it really going to improve safety to give Vladimir Putin access to every vehicle on the road?

    • May 15, 2017 at 7:54 am
      PolarBeaRepeal says:
      Like or Dislike:
      Thumb up 2
      Thumb down 1

      I don’t think the autonomous cars would do much worse, if at all, at night. But your other points stand and are noteworthy. The contrast of the two accident rates, with, without computer control, is a comparison of apples to apples & oranges.

      Google having access to monitor ANYTHING I do is a big problem with me… and other polar bears and humans. Only if the US Federal Govt mandated the data captured would have NO codes that ID’d the ‘driver’ (owner) would I consider buying an iceberg with a computer to navigate it. Otherwise, I’m sticking to my aging, huge chunk-of-ice-only.

  • May 14, 2017 at 8:50 am
    joe0401bbb says:
    Like or Dislike:
    Thumb up 10
    Thumb down 1

    when you have an older non-AI outfitted vehicle and a perfect driving record, your rates used to go down as the vehicle aged because the value went down and there was less cost involved in covering an older vehicle. Now, the same industry considers your older/aging vehicle as one that requires higher premiums as it ages because it is ‘less safe’ than these computerized cars that are hacked, that are recalled due to immanent failures in mechanical and safety processes the computer engages (or doesn’t engage when it should). Vehicles also now cost some $50K to drive off the lot because of all this questionable technology — is it necessary or do the powers that be just want to exploit every possible control over your ability to live autonomously? I guarantee you, if any US automaker wanted to go back to the past, making vehicles that were autonomous of technology and computers, relying on gauges and allowing the owner to change their own filters and fluids, we would have safer, cleaner, more reliable cars — that would also be AFFORDABLE and lower cost to insure — because people wouldn’t have to pay thousands to get simple things managed (and prolong managing those routine issues).

    • May 18, 2017 at 10:19 am
      PolarBeaRepeal says:
      Like or Dislike:
      Thumb up 0
      Thumb down 0

      I agree with most of your points. But older vehicles cost more than newer AI equipped vehicles because they are two distinct cells of risk, with the former being less equipped with safety devices than the latter.

      I don’t know the probabilities of hacking into AI vehicles. And I doubt it is static, but I have to assume it is low. But, observing the recent global hacking incidents, I may have to rethink that position. But, for now, I’m ok with safety devices that prevent tailgating, speeding, lane breaches, and other types of reckless driving… and would be OK with a vehicle that otherwise allows the driver to pilot it along the roadway.



Add a Comment

Your email address will not be published. Required fields are marked *

*