Compare the Box Reports on UK Sharp Increase in Smart Phone App Based Insurance Policies
In the 21st century, data is everything. Data is changing the way we analyze risk and reward, how we derive insights about our behaviours, and increasingly how we drive and subsequently insurance policy rates. Telematics, or 'black box' insurance collects data about the driver as they are driving so that individuals can receive a personalized insurance rate based on their own driver behaviour. Compare The Box enables people to compare providers of telematics insurance, and has recently published a new editorial about how the use of smart phone apps to collect driving data can help young and new drivers lower their premiums rapidly.