Telematics is the joint science of telecommunications and informatics applied in wireless technologies and computational systems.
For most insurance purposes, telematics is short for vehicle telematics, referring to automation in cars and other vehicles. GPS navigation, integrated hands-free cell phones, wireless safety communications and automatic driving assistance systems are all covered under the telematics umbrella. Insurance-related applications of telematics have evolved, including vehicle and container tracking, fleet management, satellite navigation, wireless vehicle safety communications, emergency warning systems, intelligent vehicle technologies and more.
The ability to monitor and track driving characteristics and driver behaviours provides the basis for Pay As You Drive (PAYD) or Usage-Based Insurance (UBI). Telematics would be a component of self-drive cars (SDC).
- Connected-Car Insurance: The Rise of Data ExchangesConnected-car data exchanges and alternative models are competing to bring OEM data to the insurance industry, giving insurers a number of options: Aite Group report Boston, MA (Mar. 21, 2018) – Aite Group’s latest report, Connected-Car Insurance: The Rise of Data Exchanges, explores auto insurers ...
News and Articles
- Connected-Car Insurance: The Rise of Data Exchanges
- Maven City Car Sharing Launches in Toronto
- Car Buyers Value New Safety and Connectivity Features that Will Help Drive Adoption of Usage-Based Insurance
- Trov and Waymo Partner to Launch Insurance for Ride-Hailing
- Autonomous Vehicle Insurance: Time to Act
- Ontario Creating Opportunity with Cars of the Future
- Washington’s First Road Usage Charge Project Awarded to IMS
- Rise of automated vehicles spells doom for taxis, buses within 15 years
- On the Road to Fully Self-Driving
- What’s Driving Rush Hour in the North American Insurance Telematics Market?