2y ago I was attending in EU Insurance event, where all the insurance companies promoted IoT, car monitoring (realtime accident evaluation) and so on. Simple - people behaviour monitoring.
Then guy from Generali totally change all the insurer behaviour. Shortened version.
They asked them:
What is more important point for the car insurance selling?
... a road risk existence
We cover the rising risk for clients, then we can sell more insurance products. Because people worried about the risks.
Second question:
What will happen when we will use car black box for the control of the car/drivers behaviour?
.... folks answering: we save money from insurr. events, because people will change their behaviour and will use the car better (they will know, that they are monitored by us).
Then the guy placed last idea:
So then we will provide for the market significant decreasing of the road risks - then we will lose our revenues from car insurance selling, because the master enabler (road risk) of the selling will be out. Then we will lose our KPIs. We don’t need the boxes.
—- end
Just to be sure:
Till now, how many insurance companies use car black boxes as part of insurance motivation?
