[kictanet] How technology can be used in pricing insurance premiums

[Davis Onsakia]

A nice article by the Economist on usage of technology to help determine
payable motor vehicle insurance premiums.

This can help the IRA to better regulate the motor vehicle insurance
industry rather than have some block figure like 7.5% value of car as
annual premiums.

Although there are privacy concerns, many people won't mind (including
myself) being tracked for a couple of months to help my insurer determine
what I really need to pay.

The link to the article:
http://www.economist.com/news/finance-and-economics/21572237-gizmos-track-driving-habits-are-changing-face-car-insurance-hows-my

Best Regards,
Davis M Onsakia
"One doesn't discover new lands without consenting to lose sight of the
shore for a very long time."
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