As the auto industry continues to evolve and innovate in its use of technology there are many in the insurance industry who wonder if the manufacturers will control the valuable data.
As the auto industry continues to evolve and innovate in its use of technology there are many in the insurance industry who wonder if the manufacturers will control the valuable data. There is even a train of thought that believes the auto industry will create its own insurance companies. However at a motor industry conference in the UK one of the country’s leading insurance executives mapped out a different road ahead. Janet Conner, managing director of AA Insurance, says that she believes that data collected by connected vehicles should be transferable between insurers to allow for consumer choice to continue. Ms. Connor said that insurance brokers must seize the opportunity to guide consumers through the potentially confusing maze of technology-based change in the sector.
