Post is pleased to present a new event combining business-focused content and a demonstration exhibition hall examining the world of telematics and black box technology.
In the wake of the gender ruling of March 2011 insurers have to find new ways to profile their policyholders. There is now a growing trend for insurers to install telematic technology into their policyholders' vehicles. This allows insurers to track the location of the vehicle as well as building an individual profile based on driving behaviors including speed travelled, speed when cornering, breaking and acceleration behavior as well as the times of day the car is driven. With all this information potentially at the disposal of the insurer it is realistic to believe that despite the gender ruling, individual risk ratings will be greatly improved.
There is however opposition to this technology with phrases like "Big Brother" being heard. Insurers must be seen to be handling this data with care. Moreover will the reluctance of the policyholder to allow an insurer to monitor their driving prove to be too great a stumbling block?
Key topics for discussion
• Telematics and the fight against fraud, how can one help solve the other?
• Making telematics work in the practical sense; how will this change the way insurers underwrite?
• The downside to data collection and managing the underwriting process
• Delivering profiling efficiencies to the insurer when risk profiling
Reasons to attend
• Hear expert led content on the challenges and opportunities telematics technology offers
• Network in the demonstration lounge and understand what systems are available
• Examine how telematics can add value to both personal and commercial lines
• Meet key individuals from insurers and telematics providers
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