Précis:
Grant Mitchell, chief actuary, general insurance, The Co-operative Insurance, on using telematics data to ensure pricing accuracy.
With eight million members, The Co-operative Insurance is the United Kingdom’s largest cooperative focused on personal lines insurance.
In March 2011, it began offering Smartbox, a pay-how-you-drive (PHYD) insurance telematics option for young drivers, which rewards safer drivers with discounts on premiums.
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Image:
Primary Event:
Insurance Telematics Europe 2014
Premium`:
No
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