Abstract:A telematics device is a vehicle instrument that comes preinstalled by the vehicle manufacturer or can be added later. The device records information about driving behavior, including speed, acceleration, and turning force. When connected to vehicle computers, the device can also provide additional information regarding the mechanical usage and condition of the vehicle. All of this information can be transmitted to a central database via mobile networks. The information provided has led to new services such as… Show more
“…Furthermore, some studies highlight additional benefits of using UBI insurance beyond a better risk estimation. These benefits include a more responsible driving style [5,18], less pollution [19,5] and a better traffic flow [19,14].…”
Section: Related Work On Usage-based Insurancementioning
confidence: 99%
“…3G/4G/5G connectivity). Many car manufacturers are therefore adding additional services on top of eCall to generate a new revenue stream [14].…”
Following a regulatory change in Europe which mandates that car manufacturers include an “eCall” system in new vehicles, many car manufacturers are adding additional services on top, so that more and more cars become connected vehicles and act like IoT sensors. In the following study, we analyse the maturity level of this new technology to build insurance products that would take vehicle usage into account. For this, the connectivity of recent cars a-priori eligible has been first tested. Then, an ad-hoc platform has been designed to collect driving data. In particular, 4 cars have been connected to this platform for periods of over one month. Our results highlight that, while this technological innovation appears very promising in the future, the pricing, the lack of uniformity of data collected and the enrollment process are currently three pain points that should be addressed to offer large-scale opportunities. In the meantime, this technology might still be used for high value use cases such as the insurance of luxurious cars.
“…Furthermore, some studies highlight additional benefits of using UBI insurance beyond a better risk estimation. These benefits include a more responsible driving style [5,18], less pollution [19,5] and a better traffic flow [19,14].…”
Section: Related Work On Usage-based Insurancementioning
confidence: 99%
“…3G/4G/5G connectivity). Many car manufacturers are therefore adding additional services on top of eCall to generate a new revenue stream [14].…”
Following a regulatory change in Europe which mandates that car manufacturers include an “eCall” system in new vehicles, many car manufacturers are adding additional services on top, so that more and more cars become connected vehicles and act like IoT sensors. In the following study, we analyse the maturity level of this new technology to build insurance products that would take vehicle usage into account. For this, the connectivity of recent cars a-priori eligible has been first tested. Then, an ad-hoc platform has been designed to collect driving data. In particular, 4 cars have been connected to this platform for periods of over one month. Our results highlight that, while this technological innovation appears very promising in the future, the pricing, the lack of uniformity of data collected and the enrollment process are currently three pain points that should be addressed to offer large-scale opportunities. In the meantime, this technology might still be used for high value use cases such as the insurance of luxurious cars.
“…The proven enhancements to road safety and driving comfort associated with ADAS have motivated policymakers to promote their installation in most modern vehicles and accelerate the deployment of vehicular technologies with proven safety benefits (European Parliament, 2010;McDonnell et al, 2021;US Department of Transportation, 2016). As of May 2018, in the United States, 92.7% of new vehicles have at least one ADAS (American Automobile Association, 2019).…”
“…Most of these devices are connected to what is called Signal Phase and Timing (SpaT) systems which can broadcast speed and GPS data for data-enabled vehicles, enabling vehicle optimization in real-time events. Energy efficiency can be achieved by the usage of network systems and optimal driver behavior is provided with feedback systems to improve the overall fuel efficiency of a vehicle, as well(McDonnell et al, 2021).…”
The transportation and automotive industry have seen the shifts and effects of innovation within the last decade, from the addition of critical messaging technologies, event response systems, to safety integration of each user initiated by safety messaging systems to almost all private utility vehicles to a public utility vehicle, all have seen either responsive or unresponsive layers of usability and functionality issues, together with the need for safety and protection of each users and riders. These assistive technologies are supposed to help drivers and operators in their daily driving routine, believed to be connected to a myriad of networked hardware and software, and arguably to be either be cost effective or safety limited. The study exploring vehicle security improvement framework in the safety messaging system to protect against hackers delivered responses from 6 subject matter experts within the public transit authority, cloud supply chain companies, and network providers that have invested greatly in vehicle ad hoc network technologies. Thematic analysis was chosen as a qualitative method design to extract themes from the critical answers through the semi-structured interview retrieved from general responses from the subject matter experts. The general findings were extracted from the major themes 1 through 5. The general findings are the following (1) Automotive Organizations and Transit Authority Leaders have to Manage Vehicle Cyber Risks Throughout the Vehicle Lifecycle, (2) Automotive Organization and Transit Authority Should Be Involved in Engineering a Secure Vehicle by Design, (3) Engineering Vendor Teams Should Detect and Respond to Major Incidents within the Vehicle Lifecycle.
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