Shelley Row, former Director of the US Department of Transportation’s ITS Joint Program Office, gives her views on the way forward for the industry. We, as intelligent transportation system (ITS) proponents and engineers, tend to be overly fixated on benefit-cost data. We want decisions to be made on logical grounds for which benefit-cost calculations are optimal. While benefit-cost data is necessary, it is not always sufficient. We can learn from our history where we see three broad groups of ITS deploymen
Telematics technology may be a game changer for the automobile insurance industry but it comes with some caveats as Colin Sowman discovers. James Bielak, (P&C) program manager at the US office of ACORD (the Association for Cooperative Operations Research and Development), has an unenviable job: to devise a standard form of communicating vehicle data between telematics providers and insurance companies. To that end he has gathered together a group composed of insurers, telematics providers and other intere
Thomas Hallauer gives an overview of Usage Based Insurance (UBI), an industry that is putting telematic devices into more vehicles than fleet management ever did.
The insurance market is going through a transformation phase never seen before. Insurers have not only started to track individual cars for Usage Based Insurance (UBI), they are also using the technology to enhance consumer services as more drivers join up to these schemes. Progressive Insurance in the US has 1.4 million customers signed up to
User-based insurance is blazing a trail others would like to follow and is also discovering the challenges. The ITS sector needs to keep a very careful eye on the automotive industry: “There’s a war going on in the connected car space creating richer datasets than we ever imagined possible” says Paul Stacy, research and development director of Wunelli, part of the LexisNexis group. The car makers have gone way beyond infotainment, unlocking huge amounts of data in the process … facts and figures which the i
