I agree with Dave Huber that when risk-scoring using telematics is as capable of measuring differences in risk as credit-based insurance scoring is now, then insurers will not have a choice of using telematics, and, like the used of credit, neither will consumers have a choice.
(True discounts need to be offset with surcharges–usually concealed by raising the base price–and telematics discounts will not be an exception.)
How does the data get from the phone to the company?
I agree with Dave Huber that when risk-scoring using telematics is as capable of measuring differences in risk as credit-based insurance scoring is now, then insurers will not have a choice of using telematics, and, like the used of credit, neither will consumers have a choice.
(True discounts need to be offset with surcharges–usually concealed by raising the base price–and telematics discounts will not be an exception.)