Driving Behavior Analysis for Smartphone-based Insurance Telematics
Johan Wahlström, Isaac Skog, Peter Händel · 2015
Insurance telematics programs are continuously gaining market shares in the automotive insurance industry. By recording data on drivers' behavior, the information asymmetry between the policyholder and the insurer is reduced, enabling a granular risk differentiation based on the true risk levels of the drivers. However, the growth of the insurance telematics industry is being held up by large logistic costs associated with the process of acquiring data. As a result, several market participants have started looking towards smartphone-based solutions, which have the potential of easing and improving the data collection process for both policyholders and insurers.