Search
 

Setting Telematics Data Standards Proves Challenging for ACORD Working Group

Insurers are feeling protective about their plans to deal with the influx of data from telematics systems that some believe will be a game changer in how personal auto policies are and will be underwritten.

By Robert Regis Hyle | Updated on April 12, 2013

Recipes for products such as Coca-Cola and KFC chicken are famously locked away in vaults to protect their respective companies’ most important assets. Insurers are feeling equally protective about their plans to deal with the influx of data from telematics systems that some believe will be a game changer in how personal auto policies are and will be underwritten.

ACORD began the process of studying data standards for telematics in the spring of 2011 in response to a number of insurance carriers—members of ACORD—who were asking about telematics and wanted this topic brought to the table, according to James Bielak, program manager for the property & casualty program at ACORD.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.