The forecasts of telematics applied in insurance for the next 10 years are very interesting in all areas, mainly focusing on the improvement of services and benefits for policyholders
The main planned changes are as follows:
1.- Monitoring of our health.
The use of w (watches, activity bracelets, scales, etc.) will be widespread. Various computer platforms now allow all this information to be monitored centrally. The digital medical record is currently a reality, and it will spread exponentially. Insurers are the main stakeholders in these new platforms, which also promote healthy lifestyles. The future would go through individualized personal insurance, in which the price would be adapted to the particular information that each insured agrees to share with his insurer.
2.- Monitoring of our home.
In this case it will be the home automation and connected appliances, which will warn of any failure or incident, activating a warning or alarm to the contacts that have been programmed. This technology is highly developed, and the forecast will be its widespread use, with the support of insurers. The objective would be to reduce the consequences of fires, floods, robberies, etc. Currently, insurance already contemplates the existence of a connected alarm, as a security requirement or as a bonus in the premium. In the future, it is expected that insurers will intensify this type of device, managing the installation, and that the premium will be established based on the devices that have been connected.
3.- Personalized insurance will be developed per client.
will be raised coverage grouped in the same contract, for various risks (Home, health, life, travel, etc). The permanent connection of the insured who so decide, will provide insurers with very precise information on lifestyle, travel, location, etc. This will make it possible to carry out very precise risk assessments and develop “a la carte” products for certain customer profiles, unifying various coverages in a single contract.