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The Insurer's Little Black Box

"Telematics and event data recorders (EDR) should be on every insurer's radar," said research and consulting firm Celent.

By Christina Bramlet | Updated on June 30, 2008

“Telematics and event data recorders (EDR) should be on every insurer’s radar,” said research and consulting firm Celent in its 30-page report titled “Vehicle Data and Telematics: What Does the Future Hold for the Insurer?” Coauthored by Catherine Stagg-Macey and Ashley Evans, senior analyst and analyst at Celent (respectively), the report explores how insurers should not only apply these technologies to assess claims more accurately and potentially drive down costs, but also improve risk management.

Within the context of the motor industry sector, EDRs are the most heavily adopted of available data recording devices — also composed of trip-logging, GPS, and telematics — largely because of the prevalence of airbags designed to record pre-crash data. In fact, Stagg-Macey and Evans said that in the U.S. alone, more than 65 percent of post-2004 vehicles are equipped with an airbag control module with EDR capability.

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