This month, Insurance Edge magazine interviewed industry experts to take the temperature of the connected car insurance market.
Rich Tomlinson at Percayso Inform, knows all about data, as the Nottingham based company essentially sandwiches data from all kinds of sources, so that insurers can get a 360 degree view of a person, and a car, before offering to Quote;
“Consumers are gradually realising that their personal information doesn’t belong to their bank, their insurer or indeed any other company – rather, it’s their data and, since the advent of GDPR, they’re becoming more aware that it has some value. While they’re used to sharing basic information when it comes to getting a quote for their car insurance, they’re wising up to the fact that providing a bit more personal data could help obtain a lower premium or more personalised cover.