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).
- Telematics Fosters New Opportunities for Improved Customer Perception and EngagementTelematics adoption by insurers poised to increase as bar to entry is lowered and value becomes more clearly defined: Novarica Boston, MA (July 17, 2018) – While the use of automotive telematics in insurance is still relatively modest, it is poised for expansion as infrastructure, user familiarity, ...
News and Articles
- Telematics Fosters New Opportunities for Improved Customer Perception and Engagement
- 2018 Driving Behavior and Safety Insights
- TrueMotion partners with Intact Financial Corporation for Next-Generation Telematics
- CAA Insurance unveils pay-as-you-go auto insurance program
- Connected Car Data: Moving Past The Hype
- 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