2 ms·
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 wher
by guan 11y ago
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.
- TulliusCicero 11y agoSo basically the automobile equivalent of credit reports/scores?
- guan 11y agoWhen 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.