Telematics enhancing motor insurance data in Europe

In Europe, more countries are now offering telematics services such as Pay As You Drive (PAYD), where drivers can benefit from lower premiums if they drive less, and Pay How You Drive (PHYD), which rewards “good” drivers. As new products and services emerge, it’s important for motor insurance companies to know how to extract information to deduce driving habits from telematics data. This article by Milliman’s Rémi Bellina, Antoine Ly and Fabrice Taillieu explores the technological choices and opportunities telematics provide insurers. It also explains how insurers can process data to detect driving behaviour based on projects led by Milliman’s analytics team.

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