This article was originally posted on: www.iotglobalnetwork.com. Author: Bob Emmerson, freelance writer and telecoms industry observer
The traditional way to assess driving behaviour is to combine quantifiable events such as acceleration, braking, swerving, cornering, etc. with data on the vehicle’s location. That’s the way usage-based insurance operates, says Bob Emmerson, a freelance writer and telecoms industry observer.
Together with policyholders’ profile and historical actuarial data it allows insurers to determine causal risk. However, when driving-data is reconciled with the external driving environment — weather, traffic density, etc. — the result is contextual driving behaviour. This is a relatively recent development that provides deeper insights into how and why people drive the way they do. It’s a more intelligent way of assessing driving behaviour.