Have you ever been sat in traffic behind a car with a bumper sticker that reads ”black box fitted”?
That’s telematics insurance! Insurers use telematics technology to track how you drive or how much you drive, rewarding good behaviour with lower premiums – particularly useful for young and inexperienced drivers.
11:FS Ventures Director, Insurance, John Bean explains how telematics works, why it’s important, and answers the question – is this fair?
John also gets into what other uses telematics has, whether or not it has a bad reputation and what the future may hold.
Want to learn more about insurtech? Check out our Insurtech Insider podcast: https://smarturl.it/insurtechinsider
00:00 – What is telematics?
00:25 – Why is telematics important?
01:30 – Is telematics fair?
01:57 – How does telematics work?
02:42 – What else is cool about telematics?
03:30 – Does telematics have a bad reputation?
04:39 – What does the future hold for telematics?
#Insurance #Insurtech #Telematics
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