Re:Car Insurers Find Tracking Devices Are a Tough Sell
by guan on Monday January 11, 2016 @11:53PM
(#10885624)
I wonder if one way to make better use of this data is to restrict what detail the insurance company can see. For example, you could imagine an arrangement where a third party vendor subject to strict controls gets the raw data and produces summarized scores, for example the frequency of hard brakes. Insurance companies would then only see these summaries, which could be challenged by customers, and can only vary premiums based on the summaries.
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Re:Car Insurers Find Tracking Devices Are a Tough Sell
by TulliusCicero on Tuesday January 12, 2016 @12:39AM
(#10885753)
So basically the automobile equivalent of credit reports/scores?
Re:Car Insurers Find Tracking Devices Are a Tough Sell
by guan on Wednesday January 13, 2016 @09:33AM
(#10894493)
When you apply for a loan in the US, most lenders these days will only look at your credit score(s), but they also have access to the full credit report and will sometimes have a credit analyst look at the report manually and form a judgment. So this would be like a scheme where the lender/insurer would only have access to scores, and not the full report.