Motor Insurers’ Bureau (MIB) chief executive Dominic Clayden claims the data-driven world of mobility can be a real power for good.
He explained at an Association of British Insurers’ (ABI) event that the developments in the insurance industry are now all underpinned by data – including connected and autonomous vehicles. In Clayden’s view, insurance needs to be “absolutely alive” to the opportunities that are created by a “data-driven world of mobility.”
Jonathan Fong, policy adviser for general insurance, at the ABI, says vehicles are becoming increasingly sophisticated and interconnected.” New cars are now fitted with various types of advanced driver-assistance systems (ADAS). Many of them are also benefiting from having blind spot monitoring and automatic emergency braking (AEB). These technologies are making vehicles safer. Yet, they are also making them more difficult and expensive to repair. Consequently, claims costs are driven upwards.
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Client: InformaTech, published by TU Automotive on 25th January 2021.


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