Smartdriverclub is preparing for a future of autonomous vehicles by developing tracking technology. But will everyone be happy to hand over this personal data?
“There’s an image of a street in America from about 1898 and everyone is in horse-drawn carriages,” says Penny Searles, the chief executive of Smartdriverclub. “The same photograph was taken just 10 years later in 1908, and everyone had the new Ford Model T car instead. The insurers who had figured out how to insure cars ahead of that change led the market for the following 60 or 70 years.”
It was this lesson Searles had in mind when she started the Portsmouth-based business three years ago. Her aim is to build a company accustomed to insuring vehicles with sophisticated reporting functions and inbuilt tracking, which would put it in a strong position when driverless cars become widely available.
Related: The Guardian view on big data and insurance: knowing too much | Editorial
Continue reading...Related Posts :
RBS scraps bonuses for retail staff in bid to stem mis-selling- The hidden cost of the boomerang kids, back at home with mum and dad
- Cash payouts for whiplash injuries could be banned
- FCA unable to estimate future PPI cost to banks
- Slater & Gordon loses half its stock value over proposed cuts to whiplash claims
0 Response to " How one insurer is prepping for a world of driverless cars "
Post a Comment