Greg McGarry, managing director, DriveProfiler (Ireland), explores the filpside of using smartphones as driver-monitoring devices in insurance telematics.
At first glance, insurers considering their options for the launch of a UBI-based motor insurance product might consider the bring-your-own-device (BYOD) model as the ultimate solution.
It mitigates capital expenditure and deployment headaches.
Industry insight: Insurance telematics
Insurance Telematics USA 2013