GlobalData

Insurance Technology

Insurance Technology Report

Connected Cars in Insurance

Connected cars provide vital risk information to insurers, looking to lower road collisions

As technology is advancing and we are entering an era of digitalization, every device we own must adapt and develop. Connected cars are equipped with internet connection, allowing them to connect and share data with devices both inside and outside the vehicle.

Connected cars generate millions of data points that insurers use to assess drivers. This technology is still in its infancy but hopes in the long term to reduce road collisions and claims cost as a result.

Connected_Cars
  • What will you discover?
  • Connected cars currently exist, but not in large enough volume and insurance policies are in infancy stage.
  • Data will be used to create a clear picture of an individual’s risk profile across all age groups instead of the current group of younger drivers.
  • Car manufacturers will become embedded in that insurance value chain which will increase market competition.

Understand connected cars and their impact on insurance...

This report covers connected cars technology and how this technology can facilitate the advancement of the auto industry. Connected cars will give key information to both drivers and insurers, allowing for improved safety on the roads.

Companies mentioned in this report:
Admiral, Aviva, State Farm, Geico, Allianz, Mile Auto, Ergo, Mercedes Benz, BMW, GM, Volvo, Porsche, Churchill, Direct Line, AXA, Zurich, Progressive, Allstate, Nationwide, Esurance, Travelers, insurethebox, By Miles, Coverbox, ThingCo, Marmalade, Bright Box, Metromile, Root Insurance, Hastings Direct, RAC, Markerstudy, ingenie, Tesla, Volkswagen, Ford, Daimler, Audi, Toyota, Mazda, Volvo, Continental, DHL, Telstra, Cohda Wireless, Qualcomm, Keysight, Harman, Alibaba, Huawei, Broadcom, Cypress Semiconductor, Waymo, Uber, Baidu, Aptiv, NVIDIA, Intel, Apple, Amazon, Tencent, Disney, AT&T, Salesforce, Zipcar, Drivy, Lyft, Ola, Grab, Didi Chuxing, Boeing, RSA

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